Economy, asked by DEVPRASSATH6454, 1 year ago

In which market structure does the big six belong

Answers

Answered by gwendolynsmith76522
6

Answer: The market structure would be oligopoly market.

Explanation:

Answered by skyfall63
0

Oligopoly

Explanation:

  • A few inter-dependent companies, which collectively dominate the market, are in an "oligopolistic market" structure. Each of these companies, although individually powerful,  can not prevent other competing companies from taking control of the market
  • Every business will also offer goods that are somewhat different from those of the other companies depending on the industry. Their interdependence ensures that these firsm likely to change their prices in accordance to their competitors.

To know more

Explain three key features of an oligopolistic market - Brainly.in

https://brainly.in/question/1509494

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