A market in which there are only a few firms and each is able to influence the market price is termed: a. Perfect competition b. Monopolistic competition Oligopoly d. Monopoly

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter10: Monopolistic Competition And Oligopoly
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A market in which there are only a few firm and each is able to influence the market price  is termed? 

A market in which there are only a few firms and each is able to influence the market price is
termed:
a. Perfect competition
b. Monopolistic competition
Oligopoly
d. Monopoly
Transcribed Image Text:A market in which there are only a few firms and each is able to influence the market price is termed: a. Perfect competition b. Monopolistic competition Oligopoly d. Monopoly
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