Answer:
Oligopoly
Explanation:
Oligopoly is a market structucture in which a small number of companies or organizations has control of an area of business. In order to mantain their coltrol they are likely to make marketing decisions (such as price changes) according to their competitors. Some charcateristics of an oligopoly are:
- Interdependency: one company can not make independent decisions about the area of market.
- Barriers to Entry: the companies wil always make difficult for new competitors to strive in their market.
- Information: competitor companies trade informations with each other in order to maintain control.
