Competition in an oligopoly is centered more on making one product stand out from another than it is on price.

Question

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In an oligopoly, there are only a few large companies that dominate the market. These companies typically compete by trying to differentiate their products in order to make them stand out from their competitors. This can be achieved through branding, advertising, product design, and other methods. While price competition can still be a factor in an oligopoly, it is often less important than product differentiation.

Competition in an Oligopoly Is Centered More on Making One