We learned about oligopoly in Ch 10. A special case of oligopoly is a market with only two major producers – a duopoly. Increasingly our political system (and even that of some EU countries) is described as a duopoly. Scan the articles and
- Summarize how a political oligopoly is similar in structure, behavior and outcomes to a market oligopoly. Be sure to make clear (cited) references to the articles.
- Does the comparison seem justified to you? Do you think it is a problem, or not? Why?
- What could possibly be done to improve the situation?