Multiple choice

Few sellers dominate the market in ........ type of imperfect market.

  1. monopoly

  2. monopolistic

  3. dopoly

  4. oligopoly

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

An oligopoly is a market form in which a market or industry is dominated by a small number of sellers. There are few sellers likely to be aware of the actions of the others. The decisions of one firm influence and are influenced by the decisions of other firms.