Q.

A market in which there are a few number of large firms is called as

A. Duopoly
B. Competition
C. Oligopoly
D. Monopoly
Answer» C. Oligopoly
Explanation: Duopoly means a market in which two producers of the same good are predominantly powerful. In some theries, the term is used specifically to denote the existence of only two suppliers of a good.
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