Which of the following is the best definition of an oligopoly?
A) An industry with only one buyer,but many sellers
B) An industry with many buyers and many sellers; sellers have no control over price
C) An industry with many buyers,but only one seller
D) An industry with only a handful of sellers,most of which are large
E) An industry with many buyers and many sellers; sellers have some control over price

Question

Quizplus · Accepted Answer

An industry with only a handful of sellers,most of which are large

Which of the Following Is the Best Definition of an Oligopoly