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Chapter 17 HMWK

  1. Pretend for a moment that this is Twitter and you only have 140 characters to respond in -- write a tweet defining and/or describing oligopoly.
  2. Can you think of a market that was an oligopolistic market, but has changed and is now either leaning monopoly or Monopolistic competition?  Were regulatory agencies involved? (Good or bad.)



My definition can fit within Twitter's constraints with room to spare, and it also happens to be a haiku:

Rising to the top,
the select few dominate.
Who else sells these things?



My thoughts are that the laundry detergent market is becoming more and more monopolistic. Sure, there are plenty of brands, but P&G owns many that are seemingly competing against each other. Their portfolio includes Tide, Gain, and Downy. They also have many other home care brands which dominate the grocery store shelves.

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