Crude oil is supplied to the world market primarily by a few Middle Eastern countries.Such a market is an example of which of the following?
(i) a monopoly market
(ii) an oligopoly market
(iii) an imperfectly competitive market
A) (i) and (ii)
B) (ii) and (iii)
C) (i) and (iii)
D) (i) only
Correct Answer:
Verified
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