The form of competition where just a few companies control the majority of industry sales is referred to as
A) pure competition.
B) cross-market competition.
C) an oligopoly.
D) monopolistic competition.
E) a monopoly.

Question

Quizplus · Accepted Answer

An oligopoly is a market structure where a small number of firms have significant control over an industry, leading to limited competition.

The Form of Competition Where Just a Few Companies Control