Under , the market consists of a few large sellers who are highly sensitive to each other's pricing and marketing strategies.
A) pure competition
B) oligopolistic competition
C) a pure monopoly
D) pure monopsony
E) monopolistic competition

Question

Quizplus · Accepted Answer

In an oligopolistic competition, the market is dominated by a few large sellers who are highly aware of and responsive to each other's pricing and marketing strategies.

Under , the Market Consists of a Few Large Sellers