Question

When a few companies dominate the market, it’s called _______.

Answer 1

Answer:

$\boxed{\bold{Oligopoly}}$

Explanation:

➤ When a few companies dominate the market, it’s called Oligopoly

An Oligopoly is referring to when a few companies dominate, overpower or become more successful or larger than other companies or markets. It does not matter how powerful the dominated or dominating companies are. Oligopoly is simply referring to a few companies. Although only a few firms dominate, it is possible that many small firms may also operate in the market.

- Mordancy

Answer 2

Answer

An oligopoly

Explanation:

Hope this helps