Q. Which of the following is the basic characteristic of Oligopoly ?
A) many sellers, a few buyers
B) a few sellers, many buyers
C) a few sellers, one buyer
D) a few sellers, a few buyers
✔ Correct Answer: a few sellers, many buyers
Exam Insight
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A) many sellers, a few buyers
B) a few sellers, many buyers
C) a few sellers, one buyer
D) a few sellers, a few buyers
✔ Correct Answer: a few sellers, many buyers
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