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Which of the Following,if True,will Be the Best Example of an Oligopoly

Question 5

Multiple Choice

Which of the following,if true,will be the best example of an oligopoly market?


A) The cigarette industry where a similar product is produced by a small number of sellers
B) Dine-in pizza outlets where a differentiated product is produced by a large number of sellers
C) The milk industry where a homogeneous product is provided by a large number of sellers
D) The market for electricity where a single firm can produce electricity at the lowest possible cost

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