In a market with very few firms, each firm's action affects the others. That structure is:
AObligation
BOccupancy
COrdinance
DOligopoly
Answer & Solution
Correct answer: D. Oligopoly
1. Only a handful of sellers exist.
2. They watch each other closely.
3. That structure is oligopoly.
_Source: OpenStax Introduction to Business, Chapter 1, Understanding Economic Systems and Business._
Keep practising Business and Economic Systems
Browse all Business and Economic Systems questions for Christ University Entrance, or explore more Business Studies topics.