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  • What do we call to the market if the total production in ...
Multiple choice

What do we call to the market if the total production in an economy is produced by a few big firms?

  1. Monopolistic competition

  2. Oligopoly

  3. Duopoly

  4. Discriminating monopoly

  5. Perfect Competition

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

It is a situation in which a particular market is controlled by a small group of firms.

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