can you give me a oligopoly model

One example of an oligopoly model is the market for smartphones, which is dominated by a few large companies such as Apple, Samsung, and Huawei. These companies have significant market power and can influence prices and innovation in the industry.

In this model, the companies engage in strategic behavior, such as price collusion, product differentiation, and marketing campaigns, to maintain their market position and increase profits. They may also engage in non-price competition, such as offering better features or services, to attract customers.

The barriers to entry in the smartphone market are also high, due to the significant investments required for research and development, manufacturing, and marketing. This means that new entrants face significant challenges in competing with established firms.

Overall, the smartphone oligopoly model highlights the importance of strategic behavior, market power, and barriers to entry in shaping market outcomes.