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) vertical integration
E) inflation

Question

Quizplus · Accepted Answer

In an oligopolistic competition, there are few sellers who dominate the market and have significant control over pricing. As a result, these sellers are likely to keep their prices similar in order to avoid price wars and maintain their profits. Therefore, the market consists of many buyers and a few sellers who are likely to have similar pricing.

In a Market with ________, the Market Consists of Many