Types of Oligopoly

 An oligopoly is a market structure where there are few firms. The firms are relatively large and command a substantial part of the market. It is a market structure between monopolistic competition and monopoly.

Types of Oligopoly


Types of Oligopoly

Oligopoly may be classified according to the number of firms or the type of products they sell. They include;

  • Duopoly; This refers to an oligopoly market structure which comprises of two firms. Mastermind Tobacco and British American Tobacco (BAT) are examples of duopoly in Kenya.

  • Perfect/Pure oligopoly refers to an oligopolistic market that deals in products which are identical. Examples of pure oligopoly are companies dealing with petroleum products such as oil Libya, Caltex, Total, Shell, National Oil, Kenol and Kobil. These firm sell products which  are identical such as kerosene, petrol and diesel.

Imperfect/Differentiated Oligopoly; this is an oligopolistic market structure where firm have products which are the same but are made to appear different through methods such as packaging, advertising and branding.

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