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Tell me 2 different industries that you would consider to be oligopolistic and explain exactly why...

Tell me 2 different industries that you would consider to be oligopolistic and explain exactly why you think they would be classified that way, based on the characteristics of an oligopoly and the oligopoly model behavior. Don't just give me names. Be specific.
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Answer #1

The 2 industries which can be considered oligopolistic are :

1. Over The Top (OTT) providers

2. Cellular Service Providers

As oligopoly’s main characteristics:

  • small number of firms,
  • significant entry barriers
  • Interdependence between sellers
  • Prevalent advertising spent

Both the industries fulfil these criteria. Both of them have small number of companies. Eg : In india there are only 3 major telecom providers : Airtel, Vodafone, Jio.

Similarly for OTT, there are handful players like Netflix, Hotstar, Disney, HBO Originals

There is a need of high investment cost. Both the industries need heavy investment in infrastructure which acts as a barrier to entry in these industries.

Further, these companies in these industries spend huge sums on advertising. Eg : Netflix’s big banner ads all across the country, Extensive advertising of Airtel over the TV.

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