A market with a few sellers selling competing products to many buyers, as in the telecom industry, is:

1. Oligopoly has a few sellers selling competing products to many buyers. 2. The telecom industry is given as the example of oligopoly. 3. Perfect and monopolistic competition both involve many sellers, so they are ruled out. 4. The answer is oligopoly. _Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 4 Unit I "Meaning and Types of Markets", p.4_