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HK's telecommunication industry belongs to oligopoly.There are only a few major suppliers for telecommunication in Hong Kong, e,g, PCCW, onetwofree and so on.
The features for this market structure are as follows:
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived from the Greek for few sellers.
There are few suppliers in the market , but they are serving a large number of customers.
The suppliers' influence of price in this market structure is great.Because there are few participants in this type of market, each oligopolist is aware of the actions of the others. The decisions of one firm influence, and are influenced by the decisions of other firms. Strategic planning by oligopolists always involves taking into account the likely responses of the other market participants. This causes oligopolistic markets and industries to be at the highest risk for collusion.