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What type of competitive structure exists when a few sellers control a large portion of the supply of a product?

Marketing Knowledge Marketing Environment Quiz in Marketing Knowledge . 2 years ago

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An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.

Ex.Airlines or Telecom companies in India, etc

Hence, the option B is correct.
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Posted on 03 Jul 2022, this text provides information on Marketing Knowledge related to Marketing Environment Quiz in Marketing Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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