Membership Area
Forgot password?
To register place your 1st order
All our papers are  WRITTEN FROM SCRATCH
All our papers are
We do not compromise the quality of the papers delivered. At, you can trust our refund policy. If you prove that a low quality paper has been delivered, you get your money back!
100% Quality guarantee
Do you want some real proof that we can cope with your essay? The customers' reviews about our services are the most substantial evidence of our writing quality. Why don't you have a look at our testimonials and see why people come back to our website every semester?
100% Quality guarantee
All you need to do is choose the type of your future paper, set the deadline, provide us with all the necessary details regarding your paper, wait a bit, and download the final product created by our professionals.
3 main reasons why you should
  • Affordable prices.
  • Quality papers.
  • On time delivery.
100% Quality guarantee
DISCOUNTS offers 2 kinds of discount programs to customers. The first type is for the first-time customers. It allows them to save up to 15% on the first order. The second one is a fidelity program for our returning clients. It is possible to get lifetime discounts of 5%, 10%, and 15% off the original price.
100% Quality guarantee
An attractive option, which allows you to always view your demo account, is another thing which proves professionalism of our writing service. It will help you evaluate our company's performance during the working process.
← Google Stock RecommendationContemporary Auditing →


Buy Custom Oligopoly Essay

Oligopoly, in most cases, takes place to the detriment of the consumers. Oligopoly is evident in the oil and automotive market where only a few companies control the markets. The following write up is a discussion of oligopoly and its effect on consumers.

By "Seldom do businessmen of the same trade get together but that it results in some detriment to the general public,” Adam Smith meant that the coming together of business people would result to price fixing, which is bad for the consumers due to price fixing. Price fixing occurs when business competitors conspire to set the prices of goods or services at a certain level. This is a form of collusion that violates both federal and state law. Price fixing violates the competition law and causes a surge in prices and a fall in supply in most cases.  It is evident when there is a shortage of a commodity such as oil, leading to the sellers holding up their stock in their stores waiting for prices to go up. This is usually harmful to the consumers.

Order now

Oligopoly is a market situation where only a small number of sellers are dominant in the market. Oligopoly gives the sellers involved, a chance to set prices and determine when to release goods in the market. The decision by one seller gets influenced by the other seller decision since each oligopolist is aware of the other oligopolist’s decisions. This makes them the highest collusion risks. Firms in an oligopoly operate under imperfect competition and a demand curve which is kinked reflecting inelasticity below market price and elasticity above market price. Barriers to entry into an oligopoly market are strong. Firms accrue greater market share and revenue. Since its creation, OPEC has been outstanding as one of the most effective oligopoly. OPEC is an inter-governmental organization that has control of the main oil producing states. The non-OPEC countries are present though they don’t work under the same umbrella, causing competition among one another, hence eliminating scope for the other countries to enter the market due to the limited nature of oil resources. Non-OPEC countries affect the oil prices causing competition, which in turn affect fixing of crude oil prices, making OPEC the best example of an oligopolist.

Type of assignment Writer level Title of your paper Pages
Spacing Urgency Currency Total price
live chat

Oligopoly is harmful to the consumer. It is usually caused by limited nature of the resources in question, e.g. oil, and stringent rules that have been set by the few market players for entry into such a market.

Buy Custom Oligopoly Essay

Related essays

  1. Contemporary Auditing
  2. Expected US GDP Growth and the Local Economy
  3. Google Stock Recommendation
  4. What is Gross Domestic Product?