An Oligopoly Is a Market Structure in Which

question 89

Multiple Choice

An oligopoly is a market structure in which:

• A) one firm has 100 per cent of a market.
• B) there are many small firms.
• C) there are many small firms with no control over price.
• D) there are few firms selling either a homogeneous or differentiated product.

---

Definitions:

Diagnosed

The process of identifying a disease or condition by its signs, symptoms, and possibly through diagnostic tests.

Mentally Ill

Refers to individuals suffering from disorders that affect the mind, leading to impairments in perception, thinking, or emotional state.

Labels

Terms or phrases applied to people or things to categorize them, often influencing perceptions and behavior.

Self-fulfilling

A prophecy or expectation that causes itself to become true due to positive feedback between belief and behavior.