Which of the following is most likely to be sold in an oligopoly market?
A) Pizza
B) Cell phone service
C) Electricity
D) Computer software

Question

Quizplus · Accepted Answer

Cell phone service is most likely to be sold in an oligopoly market because there are a limited number of competitors who dominate the market and set prices. Pizza, electricity, and computer software can be sold in competitive markets with many small firms or monopolistic markets with a single dominant firm.

Which of the Following Is Most Likely to Be Sold