Multiple Choice
Which of the following examples illustrates an oligopoly market?
A) a farmers' market with many individuals selling sweet corn and tomatoes
B) a city whose electrical service is provided by one electric co-operative
C) a city with two firms who are licensed to sell school uniforms for the local schools
D) a city with many independently-owned hair styling salons
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Give an example of a famous cartel.
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