1
QuizMultiple Choice

Market Structures and Competition

Question 1 • * HSA 26-27 Economics

In an oligopolistic market, consumer choice is

Answer
A
nonexistent.
B
limited.
C
extensive.
D
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.

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