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Lelu [443]
3 years ago
9

The Dealey Electric Group produces light bulbs that are used in refrigerator manufacturing. Currently, only three other companie

s produce bulbs used in the production of refrigerators, with Dealey as the leader in market share.
In this case, Dealey Electric Group would be considered:

A. a monopoly.
B. involved in perfect competition.
C. involved in monopolistic competition.
D. involved in a perfect oligopoly.
E. an oligopoly.
Business
1 answer:
WINSTONCH [101]3 years ago
4 0

Answer: Oligopoly

Explanation:

The market type being described in the question is an oligopolistic market, where Dealey electric group and three other companies are in control of bulb production.

An oligopolistic market is a market where sales is being controlled by a very few number of companies and the prices of commodities in that market are also controlled by those companies.

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