Which of the following examples illustrates an oligopoly market?
A)a farmers' market with many individuals selling sweet corn and tomatoes
B)a city whose electrical service is provided by one electric co-operative
C)a city with two firms who are licensed to sell school uniforms for the local schools
D)a city with many independently-owned hair styling salons

Question

Quizplus · Accepted Answer

An oligopoly market is a market in which a small number of large firms dominate the market. In this case, only two firms are licensed to sell school uniforms for the local schools, indicating a lack of competition and the potential for price fixing.

Which of the Following Examples Illustrates an Oligopoly Market