Oligopoly means

Economics

JAMB 1982

Oligopoly means

A. large number of sellers in the markets
B. single seller in the market
C. few sellers in the markets
D. few buyers in the market
E. single buyer in the market

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Correct Answer: Option C

Explanation

Oligopoly refers to a market structure in which a small number of firms dominate the market. This allows them to have significant control over prices and market conditions.

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Oligopoly means

Correct Answer: Option C

Explanation

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