The practices that describe how producers in oligopolies generally try to create competition are by offering promotions, advertising , and cultivating brand loyalty.
An oligopoly is the market structure, where competition in the market or industry is held by the small group of large sellers.
Here, Oligopoly has there own market structure. The oligopoly investments in profit maximization, have the ability to set prices rather than take prices.
Hence, the practices that describe how producers in oligopolies generally try to create competition are by offering promotions, advertising , and cultivating brand loyalty.
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