Task what is oligopoly and what are the characteristics of that?

1.2 What are the differences between Oligopoly and Monopolistic competition?
The key distinction among oligopoly and monopolistic competition is the quantity and size of enterprises. Monopolistic rivalry is characterized by a high number of tiny enterprises, whereas oligopoly is characterized by fewer companies that are comparatively substantial in size. Firms generate unique goods in competition with monopolies, whereas firms in oligopoly can generate either similar or distinct items.

An additional difference is that in monopolistic competition, businesses have some pricing authority over their products, whereas in oligopoly, companies have extensive market power and can affect prices and output levels. There cannot be hurdles to entry in competition with monopolies, however there are major barriers to participation in oligopoly, which involve licensing and protection of intellectual property.

1.3 What are some examples of Oligopoly and Monopolistic competition?
The aviation business, the energy or financial markets, and recognized recognized companies in crucial domains are all examples of oligopoly. Motors and FMCG are further instances of oligopolistic industries.

Competing monopolies can be seen in the food business, garment industry, and beauty salon market. There are numerous tiny enterprises that create unique goods while maintaining a degree of independence of entry and departure under competitive monopolies.

Because of the large number of players in the industry, the boundary between a cartel and Monopoly might become unclear.

2.0 How do they apply to the telecom industry in the context of Uzbekistan?
Uzbekistan's telecoms business has changed dramatically in recent years. The nation's telephone systems are mostly constructed on Soviet infrastructures but include numerous modern modifications, making it one of the region's primary drivers in digital growth.
Mobile solutions are quickly expanding, with a customer base of 25 million in 2011.
The Uzbek government has focused on expanding transport and energy systems in order to improve national industrial strategy and encourage trade.

The government is looking for subcontractors to work on infrastructure projects for foreign growth agencies and institutions. The nation has made tremendous progress in extending internet connectivity throughout the country, resulting in a gradual improvement in online freedom.

In Uzbekistan, mobile networks are an especially convenient way to connect to the web.
The government has underlined the significance of having inexpensive accessibility to high-quality telecommunications providers.

Advertising and brand recognition are critical in determining consumer tastes and competitiveness in the telecom business. Brand managers concentrate on creating points of differentiation that will provide consumers compelling explanations to choose their company over others. However, brands must also have criteria for equal status, which are aspects that are similar to those of their competitors. A competition assertion of parity is intended to cancel out another company's point of differentiation. A common brand issue in the telecom business is when the offering's quality is inadequate in contrast to the competition. The freedom to use the internet.

In the communications sector, competition legislation and customer service complement one other. Bad and deceptive marketing materials, as well as incomprehensible or unreasonable contract provisions, can undermine competition and customers. Behavioral economics advances led to a new understanding of how customers react in instances of incomplete information, which has consequences regarding both customer and competitiveness policies. In highly competitive sectors, there is often knowledge imbalance between suppliers and purchasers, which is best addressed by coordinating competing and consumer policy.