16.4k views
4 votes
An oligopoly is a market for a good or service that (5 points)

has few competitive firms
is perfectly competitive
has one buyer
has one seller

User Ezze
by
8.8k points

2 Answers

4 votes
I know its to late but it would be "A" or "has few competitive firms"
User Pragnesh Vaghela
by
8.5k points
0 votes

The correct option is the first one; An oligopoly is a market for a good or service that has few competitive firms.

An oligopoly is a market form or industry dominated by a small number of large sellers known as oligopolists. Oligopolies generally result in a reduction of competition and thus higher prices for consumers.

User Gstathis
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.