A market in which there are a few number of large firms is called as
(A) Duopoly
(B) Competition
(C) Oligopoly
(D) Monopoly
Correct Answer : Oligopoly
Question Asked : SSC Multi-Tasking Staff Exam 2013
Explanation : Oligopoly refers to a marked that is dominated by a few firms producing differentiated products.
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Tags : Microeconomics