User talk:Doshij32

Characteristic of oliology

The following are the main characteristics of oliology :

1) Few Sellers : Oliology is a market situation in which there are a few firms dealing in homogeneous or differentiated products . Sometimes                  it is also referred to as competition among the few . When the firms are few, each one obviously accounts for substantial part of the total output of the industry and thus can have a noticeable effect on the market conditions.