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This is known as an oligopoly. They often work as a mechanism between companies to reduce competition and inflate prices for consumers.

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10y ago
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10y ago

An Oligopoly exists when a few firms dominate a particular industry. With so few in competition, those in this type of market often stay well aware of what the others are doing.

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14y ago

free market competition

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Q: What is it called when a few large companies control an industry?
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