Economists usually call an industry an oligopoly if

A. there is one firm that produces 100 percent of the output

B. the ten largest firms produce less than 50 percent of the output

C. only one product is available on the market

D. the four largest firms produce at least 70-80 percent of the output

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Myah Sellers

13 December, 07:52

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Heath · Answer 1

D. the four largest firms produce at least 70-80 percent of the output.

Economists usually call an industry an oligopoly ifA. there is one firm that produces 100 percent of the outputB. the ten largest firms produce less than 50 percent of the outputC. only one product is available on the marketD. the four largest firms produce at least 70-80 percent of the output