In which market structure does the big six belong
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Answer: The market structure would be oligopoly market.
Explanation:
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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.
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Explain three key features of an oligopolistic market - Brainly.in
https://brainly.in/question/1509494
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