What type of competitive structure exists when just a few sellers control a large portion of the supply of a product?
a) oligopoly
b) monopoly
c) pure competition
d) mixed competition
e) monopolistic competition
Answer: a
What type of competitive structure exists when just a few sellers control a large portion of the supply of a product?
a) oligopoly
b) monopoly
c) pure competition
d) mixed competition
e) monopolistic competition
Answer: a