Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

fill in the blank question a(n) is a market dominated by a few large pr…

Question

fill in the blank question a(n) is a market dominated by a few large producers of a homogeneous or differentiated product. (enter one word in the blank.)

Explanation:

Brief Explanations

In economics, an oligopoly is a market structure where a few large firms dominate, producing either homogeneous or differentiated products.

Answer:

oligopoly