In ________,there are few sellers and each seller is very conscious of other sellers' actions.

Name: In ________,there are few sellers and each seller is very conscious of other sellers' actions.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

An oligopoly is a market structure in which there are few sellers and each seller is very conscious of other sellers' actions. They may form price-fixing cartels or strategic alliances to control the market, making it difficult for new competitors to enter.

In ________,There Are Few Sellers and Each Seller Is Very