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Question Title:
Oligopoly
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</blockquote><p>(Taken XXXXXXXX XXXX <a XXXX="XXXXX://www.investopedia.XXX/terms/o/oligopoly.XXX">XXXXX://XXX.XXXXXXXXXXXX.com/terms/o/XXXXXXXXX.asp</a>)</p><p>Thus, there XXX three XXXXXXXXX XXXXXXXXXXXXXXX of an XXXXXXXXX: [1] XXX industry should be XXXXXXXXX by a XXXXX number XX XXXXX, [X] firms sell nearly XXXXXXXXX products, and [X] XXXXX are XXXX XXXXXXXX XX entry.</p><p>One XXXXXXXXXXXXX industry XX the Cellular Phone XXXXXXXX industry. We have XXXX XXXX XXXXXXXXX: XXXXXXX, XXXXXX, At&X, and TMobile. There may XX other, XXXXXXX XXXXXXXXX, XXX XXXXX XXXX XXXXXXXXXX XXXX XXX XXXXXX XXXXXXXX. Due to XXXXXXXXXX regulations, it is very difficult XXX a firm to XXXXX XXXX XXXXXX. XX XXX XXXX XXXXX a XXXX (XXXXXXXX price, XXXXXXXX a XXX XXXXXXX XXXXXXX), XXX other XXXXX must XXXX in order XX XXXXXXXX profitability.</p><p>Taking a look XX advertizing, it XXXXXXX XXXXX that XXX of XXX firms in XXX XXXXXXXXX XX XXXXXXXX some new service or a XXXXXXXXX, cheaper XXXXXX. If you XXXXXX, XXXX one phone XXXXXXX XXXXXX a XXX deal, XXX others XXXX XXXX XX follow XXXX. <XX></p>">
