That’s true of any monopoly, but we shouldn’t assume that the same can be said for oligopolies. Competition is often better than monopoly.
In general, the way that the demand curve (a graphical representation of the relationship between demand and supply) curves for each competitor is called the kinked-demand curve. The kinked-demand curve is often used to determine how much competition is necessary to bring about the best price, profits, etc. to achieve an optimal end-result with a monopolist.
It’s a curve, but it isnt made up of a straight line. It’s an assumption, a guess, that we can make about the demand curve. At its simplest, we can assume that the demand curve will be a straight line. I think that is a good place to start when thinking about oligopolies.
The kinked-demand curve is a theoretical approximation of the demand curve at the beginning of a game. It is generally considered to be the best approximation of the demand curve because it is easy to implement and easy to comprehend. But it is not a completely accurate approximation because it does not account for the competition at the beginning of the game, which is a much more interesting and complicated subject.
In the beginning of a game, a company is an oligopoly. A company is a business whose employees are the only people who can drive the company’s products to market. A company is, by definition, a monopoly. The best-case scenario for a monopoly is one where everyone is happy and each has a high product valuation. In the worst-case scenario, the company is a monopoly where no one has a high product valuation.
Basically, for a firm to be a monopoly, it needs to be the only company that can produce the product. In the video game industry, the best case is a situation where the game is a monopoly of one genre. The worst case is a situation where the game is a monopoly of many genres.
Monopolies can seem very appealing, but it turns out that they’re not necessarily the good guys. For a monopoly to be a good thing, it must be able to protect its monopoly. For one monopoly to be a good thing, it must be able to protect its monopoly from being challenged by others, as well as from being challenged by other monopolies.
So the reason why antitrust laws are very important in business is because a market where rivals engage in collusion or collude with each other will not be a good thing for the overall economy. The reason why antitrust laws are very important in politics is because a market where rivals engage in collusion or collude with each other will not be a good thing for the overall economy.