JAMB Economics 2011 Objective — Question 24

Question 24 of 49 from the Joint Admissions and Matriculation Board (JAMB) Economics 2011 Objective paper, with the correct answer and a full explanation.

One of the characteristics of oligopoly is the availability of

A. A. few buyers
B. B. many sellers
C. C. a single seller
D. D. few sellersCorrect

Explanation

One of the distinguishing characteristics of an oligopoly market is a few number of sellers.

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