-The table above shows sales of the firms in the chocolate industry. What type of market is this?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly

Question

-The table above shows sales of the firms in the chocolate industry. What type of market is this?
A) perfect competition 
B) monopolistic competition 
C) oligopoly 
D) monopoly

Quizplus · Accepted Answer

An oligopoly is characterized by a small number of firms dominating the market, which is typical in the chocolate industry where a few large companies control most of the market share.

-The Table Above Shows Sales of the Firms in the Chocolate