A Market Dominated by a Small Number of Powerful Sellers

question 6

Multiple Choice

A market dominated by a small number of powerful sellers is known as a(n) _____ .

• A) oligopoly
• B) pure play
• C) short tail
• D) blue ocean
• E) greenfield

---

Definitions:

Genuine Democracies

Political systems in which power is derived from the consent of the governed, characterized by free and fair elections, protection of rights, and the rule of law.

Legal Protection

Safeguards provided by law that ensure individuals or entities are shielded from unfair practices, harm, or infringement of rights.

World's Democracies

Refers to countries across the globe that are governed by democratic principles, allowing for the free and fair election of leaders, freedom of speech, and the rule of law.

Corporal Punishment

A form of physical punishment where pain is inflicted on someone as correction or discipline.