differentiated oligopoly

differentiated oligopoly definition - business

differentiated oligopoly

An industry in which production of a similar but not identical product is concentrated in a few firms. Firms operating in a differentiated oligopoly attempt to differentiate their products in order to be able to charge consumers a higher price. Cigarette manufacturing is an example of a differentiated oligopoly. Compare homogeneous oligopoly.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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