In practice, oligopolistic markets are:
A)fairly common.
B)very rare.
C)forbidden by the government.
D)usually protected by the government.

Question

Quizplus · Accepted Answer

Oligopolistic markets, where a few firms dominate, are fairly common in various industries such as automotive, technology, and consumer goods. This market structure is not rare, nor is it typically forbidden or protected by the government, although regulations can influence competition within these markets.

In Practice, Oligopolistic Markets Are