8
QuizMultiple Choice

Market Structures and Competition

Question 8 • * HSA 26-27 Economics

In an oligopolistic market, consumer choice is

Answer
n
nonexistent.
l
limited.
e
extensive.
i
infinite.

Explanation

An oligopoly is dominated by a small number of firms, so consumers have some options but fewer than they would in a highly competitive market. Consumer choice is therefore limited, not nonexistent or infinite.

AI-written and checked against the verified answer.

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