Advantages of an oligopolistic market to consumers
- High quality products due to competition
- Provision of efficient service
- Provision of prizes and gifts to consumers
- Prices charged are relatively stable
- Provision of after sales services
- Prices tend to be low due to competition
- Consumer are satisfied through differentiation of products
- Advertising of products keeps consumer aware about the use of products on the short run
- There is intensive research and product development.
CATEGORIES Economics
TAGS Dr. Bbosa Science
