Question

Under oligopolistic competition ________. the market consists of a single dominant seller the market consists of many buyers and sellers who trade over a range of prices rather than a single market price sellers are typically unresponsive to competitors' pricing strategies and marketing moves the market consists of numerous small sellers the market consists of only a few large sellers

Answer 1

Under oligopolistic competition the market consists of only a few large sellers

Step-by-step explanation:

• Oligopolistic competition is a situation where there are few sellers, who individually can influenced over prices or quantities on the market, conditioned to others' sellers actions.
• In oligopolistic competition interactions between competitors is strategic: each of them takes into account others sellers possible actions before acting.