Social Sciences, asked by hariKhan737, 1 year ago

Define oligopoly.

Class XII
Forms of market & price determination

Answers

Answered by Anonymous
1
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Oligopolies can result from various forms of collusion which reduce competition and lead to higher prices for consumers.

ASMA: good to knw abt it
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