27
QuizMultiple Choice

Market Structures and Competition — Quiz

Question 27 • Personal Finance and Economics

In an oligopolistic market, consumer choice is

Answer
A
infinite.
B
limited.
C
nonexistent.
D
extensive.

Explanation

An oligopoly is a market dominated by a small number of firms. Consumers can choose among those firms’ products, but they have fewer alternatives than in a highly competitive market, so consumer choice is limited. The correct choice is “limited.”

AI-written and checked against the verified answer.

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