A Market Dominated by a Small Number of Firms Is

question 141

Multiple Choice

A market dominated by a small number of firms is called a(n) :

• A) oligopoly.
• B) natural monopoly.
• C) monopoly.
• D) network market.

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Definitions:

Stressful Situations

Scenarios that cause stress or anxiety, often requiring careful handling or adaptation.

Art Of Negotiation

The skillful practice of reaching mutually beneficial agreements or resolving disputes, involving techniques such as persuasion, strategic planning, and compromise.

Large Businesses

Corporations or enterprises that operate on a vast scale, often with extensive resources, employees, and market reach.

Small Ones

Refers to items, entities, or units that are lesser in size, quantity, or significance.