An Oligopoly is a market in which:
A. Firms are price takers
B. The actions of one seller in the market have no impact on the other seller’s profits
C. There are only a few sellers, each offering- a product similar/dissimilar to the others
D. Firms are price giver
Answer:C
An Oligopoly is a market in which:
A. Firms are price takers B. The actions of one seller in the market have no impact on the other seller’s profits C. There are only a few sellers, each offering- a product similar/dissimilar to the others D. Firms are price giver