Question

Oligopoly is the market structure in which there are ______.

विकल्प

• a large number of sellers

• few sellers

• one seller

• none of these

Answer 1

Oligopoly is the market structure in which there are few sellers.

Explanation:

Oligopoly is characterised by a few firms or sellers dominating the market. Their small number makes firms interdependent, as each keeps watch on the actions of its rivals.