In a market with ________,the market consists of many buyers and a few sellers who are likely to have similar pricing.
A)pure competition
B)monopolistic competition
C)oligopolistic competition
D)a pure monopoly
E)socialism

Question

Quizplus · Accepted Answer

In a market with oligopolistic competition, there are few sellers who dominate the market and set similar prices to avoid price wars and maintain their market share. The buyers have limited choices and usually, the products are somewhat differentiated.

In a Market with ________,The Market Consists of Many Buyers