10-07-2024
Business

Answered

30. Oligopoly is a type of _______ market.

A. perfect, few firms
B. imperfect, few firms
C. perfect, many firms
D. imperfect, many firms

Answer :

GinnyAnswer GinnyAnswer

10-07-2024

Final answer:

Oligopoly is an imperfect, few firms market structure where a small number of dominant companies make strategic decisions based on competitors' actions.

Explanation:

Oligopoly is a type of imperfect, few firms market characterized by a small number of dominant firms with high barriers to entry. These firms make strategic decisions on prices, quantities, and advertising based on the actions of competitors in the market. Examples of oligopoly include industries like commercial aircraft, where Boeing and Airbus are major players, and the soft drink industry dominated by Coca-Cola and Pepsi.

Learn more about Oligopoly market structure here:

https://brainly.com/question/28201605

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10-07-2024

the best option is B

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