Oligopoly The word Oligopoly is taken from Greek oligos "little, small," in plural, "the few" + pōlein "to sell”. Definition:  An oligopoly is an industry dominated by a few large firms. For example, an industry with a five-firm concentration ratio of greater than 50% is considered a monopoly. An oligopoly is a type of market structure where two or more firms have significant market power. Collectively, they have the ability to dictate prices and supply. A monopoly is one firm, the duopoly is two firms and oligopoly is two or more firms. 

1. Oligopoly
Unit 24
Instructor:
Atta Hussain Syed

2. Objective
Features of Oligopoly Market
Market Structure
Oligopoly
Examples of Oligopoly Market

3. Market structure
 Market structure is the interconnected characteristics of a market,
such as the number and relative strength of buyers and sellers,
degree of freedom in determining the price, level and forms of
competition, extent of product differentiation and ease of entry into
and exit from the market

4. Oligopoly
 The word Oligopoly is taken from Greek oligos "little, small," in plural,
"the few" + pōlein "to sell”.
 Definition: An oligopoly is an industry dominated by a few large
firms. For example, an industry with a five-firm concentration ratio of
greater than 50% is considered a monopoly.
 An oligopoly is a type of market structure where two or more firms
have significant market power. Collectively, they have the ability to
dictate prices and supply.
 A monopoly is one firm, duopoly is two firms and oligopoly is two or
more firms.

5. The degree of concentration in the market can be
measured through Concentration ratio:

6.  Source: pta.gov.pk
 Fixed Broadband services
Fixed broadband supply in the Pakistan is dominated by
five main suppliers

7. Oligopoly
Few Firms
High Barriers to
Entry
Interdependence
Each Firm Has
Little Market
Power
More Efficient
Features of Oligopoly
Higher Prices
than Perfect
Competition

8. Real-World Examples of
Oligopoly

9. News Media US

10. Motor Vehicles in US

11. Mobile Phones

12. Oligopoly Examples in Pakistan

13. Media

14. Print Media

15. Petroleum Market Share in Pakistan
Petroleum Market
Entity Share
PSO 41%
Attock Petroleum 11%
Total Parco Pakistan
Ltd
10%
HASCOL Pet. 10%
Shell 8%