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.

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Definitions:

Evaluate Strengths

The process of identifying and assessing the strong points or advantages that an individual, company, or product possesses.

Competitors' Brands

Brands offered by competing companies in the same industry.

Possible Futures

Various scenarios or outcomes that could occur based on current trends or decisions.