Which of the Following Statements Describes an Oligopoly

question 98

Multiple Choice

Which of the following statements describes an oligopoly?

• A) In an oligopoly, three or four companies usually dominate the marketplace.
• B) In an oligopoly, there are many companies selling identical products.
• C) In an oligopoly, prices between companies are very different.
• D) In an oligopoly, there are usually one or two companies that dominate the market.

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