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Question
Oligopoly is the market structure in which there are ______.
Options
a large number of sellers
few sellers
one seller
none of these
MCQ
Fill in the Blanks
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Solution
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.
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