Which Helps Enable an Oligopoly to Form Within a Market?
Over 75% of American industries have experienced significant consolidation in the past two decades. Three-quarters of sectors we interact with daily now have fewer major players. This isn’t random chance. I’ve watched this happen across multiple sectors. The telecommunications industry went from dozens of regional carriers to three major providers. The airline business followed the same pattern. These aren’t accidents. They’re the result of specific mechanisms that enable oligopolistic market formation and make it stick. Understanding these economic structures affects… Read More »Which Helps Enable an Oligopoly to Form Within a Market?