Buffalo LvDec 15, 2021 · 3 years ago9 answers How does oligopoly affect the competition and innovation in the cryptocurrency industry?
In the cryptocurrency industry, how does the presence of oligopoly impact competition and innovation? What are the effects of a few dominant players on the overall market dynamics, including pricing, product development, and technological advancements? How does this oligopoly influence the ability of smaller players to enter the market and compete? How does it affect the level of innovation and the introduction of new ideas and concepts in the industry?