Multiple choice

A market form in which there are few sellers is known as

  1. Oligopoly

  2. Bureaucratization

  3. Professionalization

  4. Oligarchy

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Oligopoly is the market structure characterized by few sellers who dominate the industry. Examples include automobile, telecom, and airline industries where a small number of firms control most of the market share.