If a good or service has only one seller, it is called an oligopoly.

Question

asked Mar 17, 2021 72.2k views

1 Answer

Amr Lotfy · Answer 1 · 2021-03-23T13:03:26+0000

Answer:

no

oligopolistic firms are like cats in a bag

they arises when small number of large firms have all or most of the sale

If a good or service has only one seller it is called monopoly