An Oligopoly Exists When

question 66

Multiple Choice

An oligopoly exists when:

• A)there are very few businesses selling a product
• B)there are many small businesses selling one standardized product.
• C)only one producer of a product is present in a given market.
• D)individual businesses have control over their products' price.
• E)there is a slowdown of the economy characterized by a decline in spending.

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