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Today General Knowledge(GK)
Oligopoly is a market situation where
A)
There are two or more monopolistic firms.
B)
There are few firms producing close substitutes.
C)
There are few firms producing complementary goods.
D)
There are few firms producing entirely different goods.

Correct Answer : Option (B) - There are few firms producing close substitutes.


Published On : May 21, 2021
Category : Business and Economics
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