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    Infographic

    Uploaded by

    nluphko
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    Info graphic economics

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    © © All Rights Reserved

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    Info graphic economics

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    3 views1 page

    Infographic

    Uploaded by

    nluphko
    Info graphic economics

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    OLIGOPOLY

    AS A MARKET STRUCTURE

    01 DEFINITION

    An oligopoly is a market
    structure in which a few
    sellers/ firms dominate
    the market

    02 THE NATURE OF THE PRODUCT

    products can be homogenous or


    differentiated.
    Oligopolies in the oil, petrol and
    bread markets are known as pure
    oligopolies because the products
    sold are homogenous
    03 NON - PRICE COMPETITION
    Oligopolists don't compete
    using prices because there is
    enough competition from
    other firms to create price
    wars
    Non - price competition can
    take the following forms:
    advertising, loyalty schemes,
    packaging and branding.

    04 COLLUSSION

    Firms in an oligopoly are


    prone to collusion; which is
    the act of coming together
    to fix prices and limit output

    05 KINKED DEMAND CURVE

    Due to the interdependence


    between firms an oligopoly has
    a kinked demand curve
    the demand curve has two
    segments - one for higher
    prices (elastic) and lower
    EXAMPLES prices (inelastic)
    06

    South African banking sector


    cellphone network providers
    The bread & milk industry
    Steel industry

    REFERENCES
    (N.D.). RETRIEVED FROM HTTPS://WWW.GOOGLE.COM/URL?
    SA=I&URL=HTTP%3A%2F%2FWWW.SANANDRES.ESC.EDU.AR%2FSECONDARY%2FECONOMICS%2520PACKS%2FMICROECONOMICS%2FPAGE_128.HTM&PSIG=
    AOVVAW0A38LQZJUJBGYUDFEE6Q1R&UST=1682838377205000&SOURCE=IMAGES&CD=VFE&VED=0CBEQJRXQFWOTCLJXZ9DDZV4CFQAAAAADAAAA
    ABAI.
    LOGO'S OF SOUTH AFRICAN BANKS. (N.D.). RETRIEVED FROM HTTPS://WWW.GOOGLE.COM/IMGRES?
    IMGURL=HTTPS%3A%2F%2FWWW.SABCNEWS.COM%2FSABCNEWS%2FWP-CONTENT%2FUPLOADS%2F2019%2F09%2FSABC-NEWS_5-BANKS_P-
    1.PNG&TBNID=5KTFR4FOFE23AM&VET=12AHUKEWIY29OTR8_-
    AHUFPYCCHCETBQGQMYGIEGUIARDQAQ..I&IMGREFURL=HTTPS%3A%2F%2FWWW.SABCNEWS.COM%2FSABCNEWS%2FFRIDAYS-BANK-STRIKE-WILL-AFFECT-ATM-
    AND-OTHER-OPERATIONS-
    UNION%2F&DOCID=UJXNDUHEZBWTCM&W=756&H=426&Q=BANKING%20SECTOR%20IN%20SOUTH%20AFRICA&VED=2AHUKEWIY29OTR8_-
    AHUFPYCCHCETBQGQMYGIEGUIARDQAQ.
    HTTP://CLIPART-LIBRARY.COM/CLIPART/OLIGOPOLY-CLIPARTS_11.HTM
    HTTPS://WWW.GOOGLE.COM/URL?SA=I&URL=HTTPS%3A%2F%2FWWW.RATEWEB.CO.ZA%2FREVIEWS%2FFNB-EBUCKS-REWARDS-PROGRAM-
    REVIEW%2F&PSIG=AOVVAW1MA5N2NDZCPEVUUP-
    G4R2W&UST=1682867548128000&SOURCE=IMAGES&CD=VFE&VED=0CBEQJRXQFWOTCMDX8KAWZ_4CFQAAAAADAAAAABAE

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