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ECO 2301

Question:

A market situation where a small number of sellers compose the entire industry is called:
A. monopolistic competition.
B. monopoly.
C. oligopoly.
D. perfect competition.
E. none of the above.

Answer:

C
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Last update by kendallholekamp on 11/30/2012
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ECO 2301
ECO 2301
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Question: A market situation where a small number of sellers compose the entire industry is called: A. monopolistic competition. B. monopoly. C. oligopoly. D. perfect competition. E. none of the above.
Answer: C