Practice mode Oligopoly

As the number of sellers in an oligopoly increases, what does the market increasingly resemble?

Correct answer B. A competitive market

Explanation

With many sellers, each firm's influence on price fades and the price effect becomes negligible, so the outcome approaches that of a competitive market.

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As the number of sellers in an oligopoly increases, what does the market increasingly resemble?

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As the number of sellers in an oligopoly increases, what does the market increasingly resemble?

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