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Which of the following best describes a situation where an oligopoly exists? O A. A small number of producers command nearly the entire market for a certain good or service. B. A single producer is the
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39 votes
39 votes
Which of the following best describes a situation where an oligopoly exists?

O A. A small number of producers command nearly the entire market
for a certain good or service.
B. A single producer is the only one selling a good or service with no
close substitutes.
C. Many producers are selling slightly differentiated products that
are close substitutes of each other.
D. A large number of businesses are selling identical products to a
well-informed customer base.

User Tabarek Ghassan
by
2.1k points

1 Answer

23 votes
23 votes

Answer:

A

Step-by-step explanation:

because its a limited market

User Kyeotic
by
2.5k points
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