The term oligopoly indicates:
a. an industry whose four-firm concentration ratio is low.
b. many producers of a differentiated product.
c. a one-firm industry.
d. a few firms producing either a differentiated or a homogeneous product.
Answer: D
The term oligopoly indicates:
a. an industry whose four-firm concentration ratio is low.
b. many producers of a differentiated product.
c. a one-firm industry.
d. a few firms producing either a differentiated or a homogeneous product.
Answer: D