A(n)___________ is a form of competition in which just a few sellers dominate a market.

Question

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An oligopoly is a market structure in which just a few large firms or sellers dominate the market. This type of market is characterized by high levels of interdependence among sellers and typically includes barriers to entry, such as high startup costs or government regulations. This is different from a perfectly competitive market, where there are many small businesses operating in the same industry, and a monopolistic competition, where there are many small businesses competing with each other, but also have some degree of market power. On the other hand, a monopoly is a market structure where there is only one seller, and there are no close substitutes for its products or services.

A(n)___________ Is a Form of Competition in Which Just a Few