Question

Select the correct answer. Under which market structure does the action of one company have a spillover effect on other companies’ decisions?

A. oligopoly
B. perfect competition
C. monopoly
D. monopolistic competition

Answer 1

Answer:

oligopoly

Explanation:

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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. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms

Answer 2

Answer:

A. oligopoly

Explanation:

a state of limited competition, in which a market is shared by a small number of producers or sellers.