New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    The competitive situation where airtel, idea, and Jio

    control over 90 percent of the mobile phone market is called a(n):
    A monopoly Correct Answer Incorrect Answer
    B oligopoly Correct Answer Incorrect Answer
    C collusion Correct Answer Incorrect Answer
    D monopolistic competition 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