What is the test for establishing an oligopoly?
California, United States of America
The following excerpt is from Aguilar v. Atlantic Richfield, 92 Cal.Rptr.2d 351 (Cal. App. 2000):
87. In economic and antitrust terminology, an oligopoly is a market with a relatively limited number of sellers and a relatively fungible or standardized product. (See Reserve Supply v. Owens-Corning Fiberglas (7th Cir. 1992) 971 F.2d 37, 50.)
87. In economic and antitrust terminology, an oligopoly is a market with a relatively limited number of sellers and a relatively fungible or standardized product. (See Reserve Supply v. Owens-Corning Fiberglas (7th Cir. 1992) 971 F.2d 37, 50.)
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