homogeneous oligopoly

homogeneous oligopoly definition - business

homogeneous oligopoly

An industry in which production of an identical product is concentrated in a few firms. Price differences among the firms are typically quite small. Examples are pencils and sheet metal. Compare differentiated 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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