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.

In micro-economic textbooks, the main factor assumed to affect the quality of a market is the number of sellers. A single seller, termed a monopolist, is the worst because that seller has maximum ...

John Higgins, the chief markets economist at Capital Economics, has forecasted that the current stock market bubble will continue to inflate until the end of 2025, with the S&P 500 index potentially ...