What is the name for a market dominated by a single provider?
A)monopolistic competition
B)perfect competition
C)oligopoly
D)monopoly
E)market failure

Question

Quizplus · Accepted Answer

A market dominated by a single provider is called a monopoly. This situation occurs when a single company or entity controls a significant portion or all of the supply of a particular good or service, preventing other competitors from entering the market.

What Is the Name for a Market Dominated by a Single