The word ‘alpright’ has developed from two Greek words:
1.) Oligoi’, which means ‘something’, and
2. ‘Poline’, which means ‘selling’.
Thus, ‘alpright’ means a market situation in which there are some or sufficient sellers of a particular product (or differentiated product) for one’s activities, which are important to others. Under this market situation, the number of companies that make a similar product or product, which are close options to each other, is not big and these companies compete with each other. The term alproposal is defined as:
According to Professor George J. Stigator, Oligopoly is a marketplace situation in which a firm determines its marketing policies based on the expected behavior of competitors. Professor Leftwich, alpright is a marketplace situation in which the number of sellers is low and the activities of each seller are important to others. ‘
Based on the analytical study of the above definitions, it can be said that alpropositions are a market situation in which some companies produce similar products or products, which are close to each other, compete with each other. This refers to the characteristics of the alpgiy as follows clarified:
Important features of alpgiy may be as follows-
1. Small number of sellers. Under the alpropion, the number of sellers is very little…a product has more than one seller but the number is not so large that full competition or monopolistic competition could arise.
2. Mutual dependency of sellers. Under the alproposure, all sellers depend on each other. They’re not free to determine their own marketing and price policies. A seller’s activities affect others too.
3. Under the alproposal, the product of all sellers is the same or close option as to each other.
4. Uniformity of price. Under the alpropository, all sellers follow a similar price product. Policy due to uniformity of their product.
5. Price hardness. Under the alpright, the activities of all the sellers depend on each other. For this reason, sellers don’t like to make changes to their product price repeatedly. The result of this situation is that the market price becomes stable.
6. Entry and exit of the firms. Under the alpower, the entry and exit of firms are comparatively difficult due to the unavailability of raw goods, labor etc.
7. Inconsistency in the firms. Under the alproposit, companies working in all a market don’t match each other at all. One firm may be large and the other firm may be smaller.
8. Under the uncertainty of the demand curve. Under the alpitude, the demand curve is very uncertain, under this market situation, a firm cannot easily forecast his demand curve whether he will make changes to his policies or not, as it is very difficult to predict what the firm’s competitive policies will be. It’s also very difficult to forecast the limit of such changes. For these reasons, the demand of an alpoli firm is always uncertain.