An example of an oligopoly market would be one in which ___ firm(s)sell(s)____% of the output.

Question

Quizplus · Accepted Answer

An oligopoly market is characterized by a small number of firms that dominate the market and have significant control over price and output. Option C describes a market where only four firms sell 80% of the output, indicating that these firms likely have significant market power and can influence market conditions. The other options either have only one dominant firm (A and E) or a relatively low market share for the top firms (B and D), which are not typical of oligopoly markets.

An Example of an Oligopoly Market Would Be One in Which