______ is characterized by a ______ number of players acting in relatively predictable and coordinated ways to supply products and services.
A) Oligopoly/limited
B) Free market economy/limited
C) Duopoly/large
D) Free market economy/huge

Question

Quizplus · Accepted Answer

Oligopoly is characterized by only a limited number of players in the market, which allows for the players to coordinate and predict each other's actions. A limited number of players also allows for these players to have a significant impact on the market price and supply.

______ Is Characterized by a ______ Number of Players Acting

Is Characterized by a Number of Players Acting