Monopolies As Oligopolies

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To explain the competitive pressures that are present in markets with high barriers to entry we can focus on monopolies as oligopolies. These two don’t face competitive price pressure, because they set the price for their products. Monopolies have no pressure from competitors due the fact that they are a solo firm, and make their own product. Oligopolies are price connected. Depending on the price or product that’s being offered of an oligopoly firm influences the market and other oligopoly firms, causing prices to the same all around. Recently here in Alaska GCI was the power house of the cellphone industry, but due to the demand of the military, other companies have been summoned by consumers because of location. The shift in the service

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