Oligopoly On the next few slides be sure to answer the following questions. What is an oligopoly? Give an example of an oligopoly. How many sellers are competing? What are the barriers to entry? Do...

Extracted text: Oligopoly On the next few slides be sure to answer the following questions. What is an oligopoly? Give an example of an oligopoly. How many sellers are competing? What are the barriers to entry? Do the sellers have control over their price? Why or why not? Are the products different? Should competitors work together in an oligopolistic market? Why or why not? What is it called if they do, and is it legal?