Introduction to Economics 1 Deneme Sınavı Sorusu #1275564

Which of the followings refers to a market structure in which a few large firms compete?


Oligopoly.

Monopoly.

Perfect competition.

Monopolistic competition.

Market power.


Yanıt Açıklaması:

Oligopoly is a market structure in which a few large firms compete. Computers, aircraft manufacturing, the automobile industry and agro-businesses are examples of oligopolistic markets. Therefore, the correct option is A.

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