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

Question

Quizplus · Accepted Answer

In a monopolistically competitive market, there are many sellers who offer differentiated products. An oligopoly consists of a few sellers who dominate the market, and a monopoly consists of one seller who has exclusive control over a product or service.

A Monopolistically Competitive Market Consists of ________ Seller(s),an Oligopoly Consists