Economics B A-Level
Oligopoly
What Oligopoly means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Oligopoly
Check what you remember
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Reference: Pearson Edexcel
A market structure suggested by a high concentration ratio, where a few dominant firms have significant pricing power and influence.
Topics that use Oligopoly
- Oligopoly (Pearson Edexcel A-Level)
Related terms
- Competition regulation
- Concentration ratio
- Market power
- Monopoly power
- Non-price competition
- Price discrimination
- Price stability
- Tacit agreement
Using Oligopoly in the exam
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