Which One of the Following Is the Best Example of an Oligopolistic

question 96

Multiple Choice

Which one of the following is the best example of an oligopolistic industry?

• A) wheat growers
• B) apple growers
• C) public utilities
• D) soft drinks

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Definitions:

Sale of Goods Act

Legislation governing the sale of goods, providing rules on contracts, property transfer, and warranties to protect buyers and sellers.

Fitness and Quality

Standards and criteria that products or services must meet to be considered satisfactory and suitable for their intended purpose.

Principle Of Privity

The Principle of Privity in contract law states that only parties involved in the contract have the right to sue or be sued on that contract, highlighting the exclusivity of contractual obligations and benefits.

Consumer Protection

Laws and regulations designed to safeguard buyers of goods and services against unfair practices.