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Q: Which of the following is the basic characteristic of Oligopoly ?

  • 1
    a few sellers, many buyers
    Correct
    Incorrect
  • 2
    many sellers, a few buyers
    Correct
    Incorrect
  • 3
    a few sellers, a few buyers
    Correct
    Incorrect
  • 4
    a few sellers, one buyer
    Correct
    Incorrect
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Answer : 1. "a few sellers, many buyers"
Explanation :

Answer: A) a few sellers, many buyers Explanation:

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