(XXXXX XXXXXXXX from https://www.XXXXXXXXXXXX.com/terms/o/oligopoly.XXX)
XXXX, there are XXXXX important XXXXXXXXXXXXXXX XX an XXXXXXXXX: [1] the XXXXXXXX should XX XXXXXXXXX by a small number XX XXXXX, [2] firms sell XXXXXX XXXXXXXXX products, and [X] XXXXX XXX high barriers XX entry.
XXX oligopolistic industry is the XXXXXXXX Phone XXXXXXXX XXXXXXXX. XX XXXX four XXXX providers: Verizon, XXXXXX, XX&T, and XXXXXXX. There may XX other, XXXXXXX XXXXXXXXX, but these four XXXXXXXXXX have the market cornered. XXX XX XXXXXXXXXX XXXXXXXXXXX, it XX very XXXXXXXXX XXX a firm XX XXXXX this market. As XXX firm XXXXX a move (XXXXXXXX price, XXXXXXXX a new service package), XXX XXXXX XXXXX must XXXX in order XX maintain profitability.
XXXXXX a XXXX XX advertizing, it XXXXXXX shows that XXX XX the XXXXX in XXX XXXXXXXXX is XXXXXXXX some new XXXXXXX or a XXXXXXXXX, cheaper XXXXXX. If you notice, XXXX XXX phone XXXXXXX XXXXXX a new deal, the XXXXXX also seem to XXXXXX suit.