There are just a few large sellers of a product in a(n):
Correct answer: D. oligopolyCompare Local Schools
- A. plutocracy
- B. autarky
- C. monopoly
- D. oligopolyCompare Local Schools
Explanation
An oligopoly exists when a market is dominated by a small number of large sellers, such as major airlines or automobile producers. A monopoly has only one dominant seller, while autarky means economic self-sufficiency.
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Practise International Political Economy
97 free International Political Economy MCQs from International Relations, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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