The Liberal government has approved of a grain industry merger that will further reduce competition and grow a monopoly.
Monopoly, the market of one seller, had in many cases given way to oligopoly, the market of the few. Shrewdly President Roosevelt let others launch his attack on oligopoly, dispatching lieutenants ...
In the context of duopoly and oligopoly markets, where a few firms dominate the market, game theory helps to understand how these firms compete, cooperate, and make decisions regarding pricing ...