New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Kodak & Fuji control the majority of sales for amateur

    photographic film. This exemplifies the competitive situation called:
    A an oligopoly. Correct Answer Incorrect Answer
    B a trilateral monopoly Correct Answer Incorrect Answer
    C unfair trade practice Correct Answer Incorrect Answer
    D collusion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An oligopoly occurs when a few companies control the majority of industry sales

    Practice Next