This is a type of oligopoly where firms in the market produce identical products, and the competition is based entirely on price. In homogeneous oligopolies, firms engage in price wars, undercutting their competitors to gain market share.
This is a type of oligopoly where firms in the market produce identical products, and the competition is based entirely on price. In homogeneous oligopolies, firms engage in price wars, undercutting their competitors to gain market share.