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.
By Investopedia AAA |. A: Oligopolies are prevalent throughout the world and appear to be increasing ever so rapidly. Unlike a monopoly, where one corporation dominates a certain market, an oligopoly consists of a select few companies having significant influence over an industry.Oligopolies are noticeable in a multitude of markets. The auto industry is another example of an oligopoly, with the leading auto manufacturers in the United States being Ford, GMC and Chrysler. 2  While there are smaller cell phone service providers, the providers that tend to dominate the industry are Verizon, Sprint, AT&T and T-Mobile.