Explore oligopolies, where a few firms dominate a market, influencing prices and outcomes. Learn about characteristics, examples like OPEC, and market implications.

Learn what a price taker is, see examples in competitive markets like grain and oil, and understand how they differ from price makers in economics.

It doesn’t matter what country you are in, regulators always seem to be reworking rules to make their markets better. The problem is that, often, different market objectives (and their solutions) ...