The St. Jacobs Farmers' Market in Woolwich Ontario features many vendors often selling the same produce. On any Saturday in the early autumn, 20 or more apple vendors are present. This is an example of an oligopoly.

Question

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An oligopoly is a market structure characterized by a small number of firms dominating the market. The presence of 20 or more vendors indicates a competitive market, not an oligopoly.

The St Jacobs Farmers' Market in Woolwich Ontario Features Many Vendors