Oligopoly market
When we discuss the oligopoly market. Oligopoly in the market in simple terms is a way that the market is controlled. It is quite similar to a Monopoly where only one dominant player in the market is there, but when it comes to oligopoly it is a system where only a few people dominate the market. Thus what happens if assignment help Los Angeles and only a few people have control over the market? the activities or anything that happens in the market is controlled by them or influenced by them or their actions also try to manipulate others.
The certain cases in America
If you talk about the American market collectively 89% of the American mobile phone market in the 4th quarter of 2008 was controlled by a few companies. Verizon, AT&T, Sprint Nextel, and T-Mobile are the key players in the mobile market of America.
The happening situation
What happens in such an oligopoly situation when master thesis New York and one company tries to raise the price of its commodity? All the companies attempt to follow it and if that company lowers the price of their commodity other companies have to forcefully follow the path to make their product cheap as well because they are afraid that they will lose market leadership or market share.
The case of oligopolies
When we take the case of an oligopolies system. Most companies are independent. Hence, the decision will be independent though the condition which comes and plays a greater role, whenever they take any decision as there are only a few companies, their determination to maximize profit will always affect other competition which is quite frequently found in the system of oligopoly.
Collision is common
Collision is entirely prevalent when it comes to oligopoly and the fruit of oligopoly is dependent on how the market is working on the price and quality of service providers. Let’s take an example of a company, as you are aware there are only a few companies that are fighting for the dominant position in the market, however, the company transitions their ideas or their service system or anything in the price segment the other company has to follow the path as they have fear that day will be left Behind.
The case study of companies
Lets a dive into the situation of each company which is part of the master thesis USA and American oligopoly system of mobile networks. T-Mobile offers more than seven types of different call plans to its user base. on the other hand, if you take the case of Sprint which offers more than nine plans for their consumer. They can call people on the network. If we take the example of Verizon, it becomes one of the best Internet service providers in the game of oligopoly system. The clients of this company can now pay just depending on the speed of the Internet they want to have. This is one of the incredible reasons that other companies on the list follow the path of Verizon. They furthermore introduced the 4G network which is exceptionally fast and this made other companies more Threatened, other companies also commenced to introduce this kind of services in the fear that they would lose their customer base.