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Venecia Sapphire
on Nov 26, 2024

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The characteristic most closely associated with oligopoly is

A) easy entry into the industry.
B) a few large producers.
C) product standardization.
D) no control over price.

Oligopoly

A market structure characterized by a small number of large firms dominating an industry, often resulting in limited competition.

Large Producers

Entities that produce goods or services at a high volume, often dominating the market or industry sector they operate within.

  • Gain insight into the principal aspects that constitute an oligopoly.
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Jhanvi SachdevaNov 30, 2024
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