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Evgesh-ka [11]
3 years ago
9

An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price

taker. d. has many firms rather than just one firm or a few firms.
Business
1 answer:
andrew-mc [135]3 years ago
7 0

Answer:

Option A

is a type of imperfectly competitive market

Explanation:

<em>An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market. </em>

<em>Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their  products which are relatively differentiated products</em>

These firm together have a concentration ratio of more than 50% i.e they control more than 50% of  the entire market share.

Answer

is a type of imperfectly competitive market

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Total overhead =  = $7,500

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