What kind of market structure is an oligopoly?
A) One where one firm serves an entire market.
B) One where many firms market essentially the same products.
C) One where a few large firms dominate the market.
D) One where many firms offer products with unique features and prices.
E) One where only a few products are sold.

Question

Quizplus · Accepted Answer

An oligopoly is a market structure in which a few large firms dominate the market.

What Kind of Market Structure Is an Oligopoly