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Q:

What is a market with a small number of large firms called?

  • 1
    Dual rights
  • 2
    Competition
  • 3
    Oligopoly
  • 4
    Monopoly
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Answer : 3. "Oligopoly"
Explanation :

An oligopoly refers to a market structure that consists of a small number of firms, who together have substantial influence over a certain industry or market. While the group holds a great deal of market power, no one company within the group has enough sway to undermine the others or steal market share.

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