(Hannaford, S. (2008), Market domination!: The impact of industry
consolidation on competition, innovation, and consumer choice’ Journal
of Consumer Policy, 31(4), 497-499)
many mergers take place and industries tend to consolidate
companies are always striving to be number 1 in the market
Oligopsonies can be seen as middlemen, being in the position to squeeze the
suppliers, where one can think of Wal-Mart, which, as a buyer, demands low
prices from its sellers in order to offer low prices to consumers.
Oligonomies are oligopolies in one direction and oligopsonies in the other.
Such as major book publishers, being an oligopsony to authors and an oligopoly
motivations for growth include: namely organic growth, (meaning companies
should continue doing what they are good at), vertical expansion, (for instance,