_____ is a market structure with only a handful of competitors selling products that can be similar or different and has high barriers to entry.
A) Monopolistic competition
B) Monopoly
C) Oligopoly
D) Pure competition

Question

Quizplus · Accepted Answer

An oligopoly is a market structure characterized by a small number of firms that have significant market power, selling products that may be similar or differentiated, and it typically has high barriers to entry.

_____ Is a Market Structure with Only a Handful of Competitors