23
QuizMultiple Choice

Market Structures and Competition — Quiz

Question 23 • Personal Finance and Economics

When an oligopoly exists, how many producers dominate the market?

Answer
A
many
B
a few
C
none
D
one

Explanation

An oligopoly is a market dominated by a small number of producers. Therefore, the correct choice is “a few.”

AI-written and checked against the verified answer.

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