Answer:
domination of a market by a few producers
Explanation:
Oligopoly is a type of an imperfect market where there are few producers of a particular commodity in a market.
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms.
Hence option C. answers the question.
Answer: C- domination of a market by a few producers
Explanation: An oligopoly is a market arrangement with a few companies which none of the companies can stop another from having a substantial impact. This exists where a few companies or producers cooperate in a confidential way to keep production under control and fix costs so as to attain a higher usual market profit from an investment thereby dominating the market.
In this scenario, financial, lawful and specialized conditions affect how an oligopoly is being formed, sustained and may be nullified.
