The Simplest Type of Oligopoly Is

question 366

Multiple Choice

The simplest type of oligopoly is

• A)monopoly.
• B)duopoly.
• C)monopolistic competition.
• D)oligopolistic competition.

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Definitions:

Technology Adoption Life Cycle

A model in sociology which explains how a new product or innovation is adopted or accepted, based on the demographic and psychological traits of specific groups of adopters.

Market Opportunity

The degree of customer or market demand for a specific product application.

Identifying Market Opportunity

Identifying market opportunity involves analyzing market trends, needs, and gaps to find untapped areas where a new product or service could be successfully introduced.

Market Opportunity

The potential for a company to increase sales and achieve a sustainable competitive advantage by identifying and serving new markets or segments.