abhlpeters83751 abhlpeters83751
  • 10-01-2020
  • Business
contestada

In an oligopolistic market there are _______.a. many buyers. b. few buyers. c. few sellers. d. many sellers.

Respuesta :

ekeneizuka ekeneizuka
  • 11-01-2020

Answer: Few sellers

Explanation:

An oligopolistic market is market which sales is controlled by a few businesses.

The few businesses that control sales in an oligopolistic market ensures that no new sellers penetrate the market, by joint effort amongst themselves to block out new businesses.

In an oligopolistic market the price of products in the market are controlled by the sellers.

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