A ________ refers to the situation when four or fewer firms supply 50 percent or more of a particular market.

Question

Quizplus · Accepted Answer

This is known as an oligopoly, where a small number of firms dominate the market. A shared monopoly would refer to when multiple firms agree to control the market rather than compete against each other. Contradiction of capitalism and unanticipated consequence are not relevant to this definition.

A ________ Refers to the Situation When Four or Fewer