Business, 17.07.2020 14:01, nayelialvarez5950
Which of the following best describes a situation where an oligopoly exists?
A. A large number of businesses are selling identical products to a well-informed customer base.
B. A small number of producers command nearly the entire market for a certain good or service.
C. A single producer is the only one selling a good or service with no close substitutes.
D. Many producers are selling slightly differentiated products that are close substitutes of each other.
Answers: 2
Which of the following best describes a situation where an oligopoly exists?
A. A large number of b...
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