Advertisement Remove all ads

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

Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

‘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

Advertisement Remove all ads

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.

Concept: Main Market Forms
  Is there an error in this question or solution?

Video TutorialsVIEW ALL [2]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×