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

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