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PLEASE HELP! When only a few firms make up the industry, this is known as Select one: a. Perfect Competition b. A monopoly c. An oligopoly d. A union

PLEASE HELP! When only a few firms make up the industry, this is known as Select one: a. Perfect Competition b. A monopoly c. An oligopoly d. A union
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PLEASE HELP!

When only a few firms make up the industry, this is known as
Select one:
a. Perfect Competition
b. A monopoly
c. An oligopoly
d. A union

User RedScourge
by
7.4k points

2 Answers

6 votes
C. An oligopoly
Maybe
User Rob Campion
by
8.0k points
4 votes
C. An oligopoly because, an oligopoly is a state of limited competition
User John Russell
by
7.8k points
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