explain classification of oligopoly market ?
Oligopoly is a market structure defined by the existence of a few large firms, high degree of mutual interdependence, restricted entry of firms, etc. On the basis of mutual dependence, the oligopoly market is classified into two types namely, collusive and non-collusive.
These two types are extensively covered in our study material. You can find them in Microeconomics- Non-Competitive Market (Lesson 3) of our study material.