A Market Structure with Only a Few Sellers, Each Offering

question 24

Multiple Choice

A market structure with only a few sellers, each offering similar or identical products, is known as

• A)oligopoly.
• B)monopoly.
• C)monopolistic competition.
• D)perfect competition.

---

Definitions:

Win-Lose Conflict

A type of conflict resolution in which one party's gain is another party's loss, emphasizing competition over collaboration.

Competing

Engaging in a struggle or contest against others for resources, recognition, or victory in a specific area.

Compromising

The act of finding a middle ground through mutual concessions in a dispute or negotiation.

Personalities

Personalities encompass the unique combination of emotional, attitudinal, and behavioral response patterns of an individual, contributing to their consistent behaviors and actions in various situations.