help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / An industry that is dominated by a few large firms is typically characterized as having an _____ market structure

An industry that is dominated by a few large firms is typically characterized as having an _____ market structure

Marketing

An industry that is dominated by a few large firms is typically characterized as having an _____ market structure.

a) Monopolistic competition

b) Monopoly

c) Perfect competition

d) Oligopoly

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The correct answer is option d) Oligopoly

Explanation

When the market is dominated by a few large firm then such a market structure is called oligopoly. So the correct answer is option d)

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)