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A market is said to be oligopolistic when

(a) it is dominated by a single supplier of a product.(b) a few significant suppliers dominate the market for a product.(c) there are many small firms supplying the same product.(d) there are many branded varieties of the product on the market.

 

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Question ajoutée par Kishor Vadher , Sales Manager , Hausstrom ltd. Lagos
Date de publication: 2015/04/01
Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

A situation in which a particular market is controlled by a small group of firms. Hence b is the right answer.

Utilisateur supprimé
par Utilisateur supprimé

An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.

 

For example, major airlines like British Airways (BA) and Air France operate their routes with only a few close competitors, but there are also many small airlines catering for the holidaymaker or offering specialist services.

 

a few significant suppliers dominate the market for a product.

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