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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Definitions:

Sedentary

Pertaining to sitting; inactivity.

Inactivity

A state of being not engaged in physical movement or exercise, often leading to decreased physical fitness.

Intermittent

Occurring at irregular intervals; not continuous or steady.

Morphology

A branch of biology dealing with the form and structure of organisms.