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Evgesh-ka [11]
3 years ago
11

In an oogilyboogily market, consumer choice is?

Business
1 answer:
Zielflug [23.3K]3 years ago
4 0

Answer:

limited.

Explanation:

In an oligopoly market, few firms dominate a market with many buyers.  The firms may sell similar or differentiated products. The oligopoly stature is characterized by heavy advertisement to win customers. Each firm sets its price.

Because few firms dominate the market, customers do not have a wide range of variety to select from. For example, the mobile phone business is dominated by 5 to 6 companies. Customers' choices are limited to these service providers.

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