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‘A Few Big Sellers’ is a Characteristics of : (Choose the Correct Alternative) - Economics

‘A few big sellers’ is a characteristics of : (choose the correct alternative)

a. Perfect competition

b. Monopolistic competition

c. Oligopoly

d. None of the above

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Solution

The correct option is (c). Under oligopoly, only few firms but they are big firms with a large number of buyers dominate the market for product.

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