Question:
Oligopoly
Author: NoviceAnswer:
Only a few sellers. Brand name and advertising is important for differentiation. Can be difficult to enter the market as seller. Buyers have reasonable knowledge. Consumers may not influence prices much. eg: Westpac, Qantas
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Novice![Novice](https://markdown.memory.com/eq_uploads/1118922/question_image_d115550e-a8a8-4aa8-be81-e163958f0849.jpg)