33
QuizMultiple Choice

Unit 2 Test

Question 33 • (OC27) Economics-2102310-Sem-Meadows

In an oligopolistic market, consumer choice is

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

Explanation

An oligopoly is dominated by a small number of firms, so consumers have some options but fewer than they would in a highly competitive market. Consumer choice is therefore limited, not nonexistent or infinite.

AI-written and checked against the verified answer.

Previous
Next