In an oligopolistic market,a single seller controls the pricing decisions.

Name: In an oligopolistic market,a single seller controls the pricing decisions.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In an oligopolistic market, there are a few large sellers who have significant market power, but none have complete control over pricing decisions. Pricing decisions are often influenced by the actions and reactions of competitors, and there may be collusion or agreements between the sellers on pricing.

In an Oligopolistic Market,a Single Seller Controls the Pricing Decisions