Identify a market that you believe is \"oligopolistic\" or \"monopolistic compet

Question

1. Identify a market that you believe is "oligopolistic" or "monopolistic competition."   Your text can help you with this. I choose Cell Phone companies like (at&t, Sprint, Virzon) Which is an Oligopoly Competition
2. Tell us why the market you selected meets the criteria of an oligopoly or monopolistic competition.  Then tell us what that means for rational business price and production decisions.
3. Evaluate the result in (2) from perspectives of efficiency and equity drawing upon price/cost margins for your explanation. You may want to also consider issues involving the stability of collusive cartels.

Explanation / Answer

yes network provider companies are the best example of oligopolistic market because, they are very limited in number which we can count on fingers, for rational business price each company set their price keep in mind to maximize their profit and also qty supplied.

collusive cartels are ssstable as long as no one is cheating on other but it is illegal to form cartel and also it increases the prices and loss of consumer welfare happen.

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