An oligopoly is a market for a good or service that

Explanation:

Oligopoly is a market structure for a good or service with a small number of firms or companies where none of the firms can keep the others from having great influence on the market. A monopoly signifies one firm, duopoly means two firms and oligopoly is two or more firms. Oligopoly does not have an exact number of firms especially when it comes to its maximum but the amount must be very low for the actions of one firm, greatly influencing the rest. Oligopoly also means when a small number of firms tactically decide to restrict output and fix prices to achieve normal market returns. Oligopoly is maintained and formed or dissolved through economic, legal, the technological factors. One major disadvantage of oligopoly is the situation of being caged that each member faces. This results in cheating amongst members. Government policy can either boost or lower oligopolistic behaviour and firms in mixed economies seek government opinion for ways to restrict competition.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it