Editing Oligopoly (section)

=== Partial and full oligopoly ===
A full oligopoly is one in which a price leader is not present in the market, and where firms enjoy relatively similar market control. A partial oligopoly is one where a single firm dominates an industry through saturation of the market, producing a high percentage of total output and having large influence over market conditions. Partial oligopolies are able to price-make rather than price-take.{{Clarify|reason=non-technical language|date=July 2023}}<ref>{{Cite journal |last=Markham |first=Jesse W. |date=December 1951 |title=The Nature and Significance of Price Leadership |journal=The American Economic Review |volume=41 |issue=5 |pages=891–905}}</ref>