Multiple choice

There are a few sellers in case of

  1. monopoly

  2. perfect competition

  3. monopolistic competition

  4. oligopoly

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

In Oligopoly, there exists a very few sellers (usually two to seven) e.g. Pepsi/Coke, Indian oil/Hindustan Petroleum.            There is only one seller in case of monopoly. There are usually many sellers in perfect competition and monopolistic competition.