Match each item with a statement below:

-Market dominated by a few large companies
A)oligopoly
B)perfect competition
C)low-cost leadership
D)economies of scale
E)external environment
F)strategic group
G)monopolistic competition
H)market niche
I)monopolies
J)value chain

Question

Match each item with a statement below:

-Market dominated by a few large companies
A)oligopoly
B)perfect competition
C)low-cost leadership
D)economies of scale
E)external environment
F)strategic group
G)monopolistic competition
H)market niche
I)monopolies
J)value chain

Quizplus · Accepted Answer

An oligopoly is a market structure in which a few large firms dominate the market, often leading to limited competition.

Match Each Item with a Statement Below