Since some parts of the health care law went into effect in 2010, the share of Americans aged 18 to 25 without health insurance dropped to 23 percent from 28 percent. Thatâs roughly 6.6 million with health insurance because of the law. Parents worried about cost may have some concerns with the ruling.
Oligopoly refers to competition among âfewâ or, to be more specific, among a few dominant firms. An oligopolist is not a big enough part of the market (like a monopolist) to be able to act as a price-maker.
In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Collusion most often takes place within the market structure of oligopoly, where the decision of a few firms to collude can significantly impact the market as a whole. Cartels are a special case of explicit collusion. Collusion which is overt, on the other hand, is known as tacit collusion, and is legal.