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Oligopoly is a market structure in which there are: -

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Question

Oligopoly is a market structure in which there are:

Options

  • Many sellers

  • One seller

  • Few sellers

  • None of these

MCQ

Solution

Few sellers

Explanation:

An oligopoly is a market in which a commodity is sold by a few large sellers to a large number of purchasers. Each vendor controls a considerable portion of the market.

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Agriculture
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