An oligopolist is a firm that finds it is
A) the only supplier.
B) the only supplier of a good with no close substitutes.
C) one of many suppliers of a good with perfect substitutes.
D) one of a few firms.
E) one of a few firms that produce close substitutes.

Question

Quizplus · Accepted Answer

An oligopolist is typically one of a few firms in a market that produce goods or services that are close substitutes for each other, leading to interdependent decision-making.

An Oligopolist Is a Firm That Finds It Is