Which of the following is characterized by having few sellers,similar prices among sellers,and difficult market entry?
A) oligopoly
B) pure competition
C) monopoly
D) monopolistic competition
E) state socialism

Question

Quizplus · Accepted Answer

A)An oligopoly has few sellers. Because there is competition between those sellers, they will offer similar prices. Because those sellers will be large and well-established, it will be difficult for new companies to enter the market.

Which of the Following Is Characterized by Having Few Sellers,similar