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?
The Results of Political Oligopoly (very brief w/ an interesting quote from John Adams)
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