An oligopoly is a market structure in which a few firms dominate the industry. In an oligopoly, firms have some control over prices due to their limited number and the interdependence among them. Oligopolies can be found in various industries, including telecommunications, oil, and automobiles.
One example of an oligopoly in India is the telecommunications industry. In the early 2000s, the Indian telecommunications industry was dominated by a few firms, such as Bharti Airtel, Vodafone, and Idea Cellular. These firms had a significant market share and were able to exert some control over prices.
However, the entry of a new player, Reliance Jio, in 2016 disrupted the oligopoly. Reliance Jio introduced disruptive pricing strategies, such as offering free voice calls and cheap data plans, which led to a price war among the firms. As a result, the market share of the incumbent firms declined, and Reliance Jio emerged as a dominant player in the market.
Another example of an oligopoly in India is the oil industry. The Indian oil industry is dominated by a few firms, such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum. These firms have a significant market share and are able to influence prices. However, the entry of private firms, such as Reliance Industries and Essar Oil, has increased competition in the market.
In conclusion, the Indian telecommunications and oil industries are examples of oligopolies where a few firms dominate the market. However, the entry of new players has increased competition and disrupted the oligopoly in some cases.
Indian steel industry monopoly or oligopoly Free Essays
Satisfaction is a subjective concept and therefore difficult to determine. An oligopoly is a market structure in which only a few sellers dominate a market; they could sell either "homogeneous or differentiated products," meaning either products that have very little difference or that are very different Economics Online, Investopedia, Investopedia, Everest Group, It has been argued that India-based IT service providers, such as Cognizant and TCS, are acting as an oligopoly. Industry Aggregate Rs in million AMJ 10 E Net Sales 363904. . These Premium Monopoly Oligopoly Cartel Indian Beer Industry - Oligopoly increases. Monopoly, with a near-100% four-firm measurement because there is only one market holding the majority of the market power, is a market structure in which one firm produces the entire output of the industry There are no close substitutes for the product. The importance of customer satisfaction in strategy development for customers and market oriented cannot be underdetermined Premium Tata Motors Tata Nano.
Oligopoly market indian automobile industry case study Free Essays
Tutor name : Hind Francesca vii. Economists assume there are a number of different buyers and sellers in the market which leads to competition which allows prices to change in response to changes in supply and demand. COMOARISION Considering huge market potential, production of passenger cars is projected to grow at CAGR of 11% between 2010-11 and 2013-14. There are so many questions which hover your mind in terms why other players cannot enter? In addition, it also helps to avoid activities and actions that will be harmful for the company in future, including projects and strategies. The automobiles with examples are classified as follows: 1. Whereas, the opportunities and threats are generally related from external environment of organization. In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance.
Oligopoly in india
These structured variables are classified in the following market structures: perfectly competitive markets, monopolistically competitive markets, monopolies, and oligopolies Colander, 2010. For this reason, a benchmark of… Differentiating Bewteen Market Structures There are different classifications of markets and the structure of a business determines which classification it will fall into. It seems that the oligopoly surrounding the automotive industry in India is well studied. When you dig the matter and try to analyse why is this encouraged? Another key factor in oligopolies is that there are significant barriers to entry into this market. We try to do our best to collect the most interesting and popular case study samples and examples. The buyer power is high if there are too many alternatives available. First of all, it is a small number of the rival companies in the sector of the market.
