What,essentially,is an oligopoly if it has a large number of firms
A)a large monopolist
B)a large monopolistically competitive market
C)a group of competitive firms
D)a group of monopolistic firms

Question

Quizplus · Accepted Answer

An oligopoly is a market structure characterized by a small number of large firms that dominate the market. However, if there are a large number of firms in the market, then it cannot be considered an oligopoly since the firms would not have the power to dominate the market or significantly influence prices. Instead, it would be closer to a competitive market with many small firms.

What,essentially,is an Oligopoly If It Has a Large Number of Firms