Posted: March 7th, 2017
The breakup of communism and the resulting privatization of the Russian oil industry was an example of oligopoly, which created a handful of oligarchs.
actions of each other are important when implementing a policy.
The breakup of communism and the resulting privatization of the
Russian oil industry was an example of oligopoly, which created a handful of oligarchs.
The role an oligopoly plays is very similar to that of a monopoly, where protectionism is needed or there are significant industry related risks, trade secrets,
technological prowess needed etc (Depken, 2005).