Question

Q.7:The situation in which there
are only two companies only
hiring employees, market
competition will be called as​

Answer 1

Answer:

oligopoly

Explanation:

Oligopoly is a common market form where only a limited number of firms are in competition on the supply side. ... Whenever there is a formal agreement for such collusion, between companies that usually compete with one another, this practice is known as a cartel. pls drop a thanks