bricenshepard bricenshepard

24-10-2019
Business

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What is oligopoly?

Question 4 options:

It is a market structure in which prices are always similar.

It is a market structure in which a very few large sellers dominate the industry.

It is a market structure in which products are always different.

It is a market structure in which products are always similar.

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jordan7296 jordan7296

24-10-2019

A state of limited competition in which a market is shared by a small number of producers or sellers.

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beversoutdoors beversoutdoors

05-05-2020

Answer:

The answer you're looking for is B

Explanation:

Definition: market structure in which a few large sellers dominate and have the ability to affect prices in the industry; form of imperfect competition

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