Derived from the Greek word for "few sellers," FTP, name this market form where the market is dominated by a small number of sellers.
It can be used to describe the supermarket industry in the United Kingdom, and is often described with the term "four-firm concentration," which expresses the market share of the four largest firms in an industry as a percentage, often over 40%. Derived from the Greek word for "few sellers," FTP, name this market form where the market is dominated by a small number of sellers.
It can be used to describe the supermarket industry in the United Kingdom, and is often described with the term "four-firm concentration," which expresses the market share of the four largest firms in an industry as a percentage, often over 40%.
{Oligopoly} (don’t accept oligopsony or monopoly)