An oligopoly exists when there are many small businesses selling one standardized product.
a. True
b. False

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pashen6640 pashen6640

02-01-2018
Business

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An oligopoly exists when there are many small businesses selling one standardized product.
a. True
b. False

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willers159 willers159 · Answer 1 · 2018-01-02T19:04:07+01:00

willers159 willers159

02-01-2018

Oligopolies can result from carious forms of collusion which then reduces competition and lead to higher prices. So I would say b for this.
Hope this helps.

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An oligopoly exists when there are many small businesses selling one standardized product. a. True b. False

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An oligopoly exists when there are many small businesses selling one standardized product.
a. True
b. False