What Does 'A Few Sellers' in Oligopoly Market Structure Mean

question 104

Multiple Choice

What does 'a few sellers' in oligopoly market structure mean?

• A) It means that one to two firms are in the market.
• B) It means that less than 10 firms are in the market.
• C) It means that two to three firms are in the market.
• D) It means that the concentration ratio is high.

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Definitions:

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