A market situation in which there are a few large firms is called

A. oligopoly.
B. monopoly.
C. imperfect competition.
D. monopolistic competition.

Answer: A

Economics

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As cities grew and markets developed, life, fire and death insurance companies emerged to manage risks and help groups of individuals during disasters

Indicate whether the statement is true or false

Economics

Consuming to the point where the marginal utility of each good is equal to the price of that good is consistent with utility maximization

a. True b. False

Economics