A market structure with a small number of firms, none of which can keep the others from having significant influence is known as

Question of The Day07-11-2021

Answer

Correct Answer : c ) Oligopoly

Explanation :

An oligopoly is a market structure with a small number of firms, where none of which can prevent the others from having significant influence.

A monopoly is a market in which there is only one producer, a monopoly consists of two firms, and an oligopoly consists of two or more firms.

Hence option (c) is correct.

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