An oligopoly is a market structure in which there
A)are a few buyers but many sellers.
B)are no barriers to entry.
C)are many independent sellers.
D)are a few goods sold by many sellers.
E)is a temptation to collude.

Question

Quizplus · Accepted Answer

In an oligopoly, there are a few dominant firms, which creates a temptation to collude to maximize profits by setting prices or output levels.

An Oligopoly Is a Market Structure in Which There