A monopolistically competitive market consists of many sellers,an oligopoly consists of ________ seller(s),and a monopoly consists of ________ seller(s).
A) one; one
B) one; two
C) a few; many
D) a few; one
E) many; one

Question

Quizplus · Accepted Answer

In an oligopoly, there are a few sellers that dominate the market, whereas in a monopoly, there is only one seller that controls the entire market.

A Monopolistically Competitive Market Consists of Many Sellers,an Oligopoly Consists