An Oligopoly is much alike Monopoly. In each one firm exerts control over most of a market. An oligopoly will be at least two firms controlling the market. Examples like Air Asia Airline and Malindo Airline, both are the largest firm of airline in Asia. Both of them are low cost airlines and providing good services to their customers.
Promotion Ait Ticket by Air Asia
Promotion Ticket by Malindo Airlines
In these two large airlines firm,
oligopoly is applied in Air Asia Bhd and Malidon Airlines. Oligoply is a market
where firms are competing with each and other. Air Asia remains stable by
the aggressive expansion plans announced recently by its competitor Malindo
Airlines.
The
chief of Air Asia Bhd stated that friils-free airline is not really worried
about the competition pose by its competitors due to the difference in the
business model. Air Asia Airlines do welcome them because they can be improved
when competitors existed.
Malindo airline is reported as desire to
start with more routes and competing with Air Asia Bhd. Air Asia has a complete travel map via set of
connections for his customers which compared to Malindo Airlines.
These two firms work so hard to keep innovating and developing themselves is to compete and survive is this crucial oligopoly market. This is good to consumer and also the advantages of oligopoly.
Reference List :
http://www.theborneopost.com/2013/07/02/malindo-air-not-just-low-cost/
http://www.ibtimes.com/indonesias-largest-airline-launches-low-cost-high-service-malindo-air-1306705
http://malindoairlines.net/airasia-vs-malindo-air/
-Lee Sheng
Reference List :
http://www.theborneopost.com/2013/07/02/malindo-air-not-just-low-cost/
http://www.ibtimes.com/indonesias-largest-airline-launches-low-cost-high-service-malindo-air-1306705
http://malindoairlines.net/airasia-vs-malindo-air/
Malindo is the new airlines in Malaysia??the ticket fee cheaper or more expensive than Airasia???
ReplyDeleteYa, Malindo Airlines is the new Airlines Firms in Malaysia!!and the price is much cheaper!!
ReplyDeleteMy own experience,last week I went back my hometown-Penang from Subang by taking Malindo,the price include tax is only about RM120 for round trip,but the price of AirAsia or FireFly needs about RM270.which is much cheaper than these two airlines!!!u can try it next time~
Cheaper
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DeleteWhat is the disadvantage of oligopoly?
ReplyDeleteBasically the disadvantages of oligopoly are slightly same as Monopoly which is new firms cannot enter the market easily because of various barriers of entry.And oligopoly can charges high price also because of little competition in market...
ReplyDeleteHello please send me Air Asia Airlines Customer Care Number, I want to know how to cancel a ticket.
ReplyDelete