Under which one of the following market structures are sellers most likely to consider the reaction of rival sellers when they set the price of their product?
A) price-taker firms
B) pure monopoly
C) price searchers with low entry barriers
D) oligopoly

Question

Quizplus · Accepted Answer

In an oligopoly, a few firms dominate the market, so each firm must consider the potential reactions of its rivals when setting prices, as their actions can significantly impact each other's market share and profitability.

Under Which One of the Following Market Structures Are Sellers