What Does 'A Few Sellers' in Oligopoly Market Structure Mean

question 46

Multiple Choice

What does 'a few sellers' in oligopoly market structure mean?

• A)It means that 1-2 firms are in the market.
• B)It means that less than 10 firms are in the market.
• C)It means that 2-3 firms are in the market.
• D)It means that the concentration ratio is high.

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Definitions:

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