32
QuizMultiple Choice

Market Structures and Competition — Quiz

Question 32 • Personal Finance and Economics

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

Answer
A
a few
B
none
C
many
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.

Previous
Next