In an unbalanced oligopoly,
A) one firm has significantly greater market power than any other in the industry
B) only one firm exists in the industry
C) the industry is rapidly converging into a monopolistically competitive industry
D) all firms have near-equal market share
E) the four-firm concentration ratio exceeds 100 percent

Question

Quizplus · Accepted Answer

In an unbalanced oligopoly, one firm dominates the market, having significantly more market power than its competitors, which is what option A describes.

In an Unbalanced Oligopoly