A market which has relatively few sellers, homogeneous products, and fairly inelastic industry demand is an example of a(an) ______________ market situation.
A) pure competition
B) monopolistic competition
C) oligopoly
D) monopoly
E) Any of these is correct.

Question

Quizplus · Accepted Answer

A market which has relatively few sellers, homogeneous products, and fairly inelastic industry demand is an example of an oligopoly market situation.

A Market Which Has Relatively Few Sellers, Homogeneous Products, and Fairly