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QuizMultiple Choice

Market Structures and Competition

Question 1 • * HSA 26-27 Economics

When an oligopoly exists, how many producers dominate the market?

Answer
A
none
B
one
C
a few
D
many

Explanation

An oligopoly is a market dominated by a small number of producers. Therefore, the correct choice is “a few.”

AI-written and checked against the verified answer.

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