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After world war II, young Tucker tried to break in the automobile business with his original...

After world war II, young Tucker tried to break in the automobile business with his original "Tucker Torpedo" automobile.(You should see the movie"Tucker") But the Big three automobile makers(GM, FORD, and CHRYSLER) formed their own exclusive club, not allowing a new comer to join the club. With a plot(bully tactic, squeeze the capital, or tarnish Torpedo's credibility), they destroyed young Tucker's dream to be a major car maker.

What's your own strategy to survive and prosper in the oligopoly jungle? can you prove the answer in 5sentences your own

perspective.

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Answer #1

An oligopoly market structure consists of a few large firms dominating the entire market.

In order to survive and prosper in the oligopoly jungle, the best way is to enter the market through low prices and heavy marketing and advertising. This will attract consumers as they will find the same good being sold at low prices. Heavy advertising will also make the good more relatable and attractive. Also, initial losses would have to be borne in order to survive in the market in the long run.

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