CBSE (Arts) Class 12CBSE
Share
Notifications

View all notifications

‘A Few Big Sellers’ is a Characteristics of : (Choose the Correct Alternative) - CBSE (Arts) Class 12 - Economics

Login
Create free account


      Forgot password?

Question

‘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

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.

  Is there an error in this question or solution?

Video TutorialsVIEW ALL [2]

Solution ‘A Few Big Sellers’ is a Characteristics of : (Choose the Correct Alternative) Concept: Main Market Forms.
S
View in app×