Which of the Following,if True,will Be the Best Example of an Oligopoly

question 5

Multiple Choice

Which of the following,if true,will be the best example of an oligopoly market?

• A)The cigarette industry where a similar product is produced by a small number of sellers
• B)Dine-in pizza outlets where a differentiated product is produced by a large number of sellers
• C)The milk industry where a homogeneous product is provided by a large number of sellers
• D)The market for electricity where a single firm can produce electricity at the lowest possible cost

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