Oligopoly conditions develop when a market has homogeneous products, a fairly inelastic industry demand curve, and relatively few sellers.

Name: Oligopoly conditions develop when a market has homogeneous products, a fairly inelastic industry demand curve, and relatively few sellers.
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These are the three main conditions that are typically associated with an oligopoly market structure. Other defining factors include barriers to entry and interdependent decision-making among the few firms in the market.

Oligopoly Conditions Develop When a Market Has Homogeneous Products, a Fairly