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As a quantitative description of oligopoly, the four-firm concentration ratio is often utilized.
en.wikipedia.org In oligopoly theory he developed the conjectural variation approach.
en.wikipedia.org In other situations, competition between sellers in an oligopoly can be fierce, with relatively low prices and high production.
en.wikipedia.org The correct sequence of the market structure from most to least competitive is perfect competition, imperfect competition, oligopoly, and pure monopoly.
en.wikipedia.org Because of the increase in oligopoly this took the form of stagnation as monopolistic firms reduced output rather than prices in response to overcapacity.
en.wikipedia.org