answersLogoWhite

0

The market structure is called oligopoly. Oligopoly is a market structure characterized by a small number of relatively large firms that dominate an industry.

User Avatar

Wiki User

15y ago

What else can I help you with?

Trending Questions
What effect do consumer-protection regulations have on the circle flow of the free market system? What might happen to make a producer decrease his or her supply of a product.? How a society answers the three economic questions defines? In the circular flow model economic resouces is both production and the factors of production? Write short note on Domestic Income? What are the pro and cons of technical globalization? How do you use economics to study culture? How much have brits collectively spent in the last year? The opposite of perfect competition is? Can disruptive innovation earn companies higher profits? How much would a 1922 one dollar coin be worth? What is the branch of economics that studies the aggregate decisions of all households and all firms? Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country? How does Israel's economy answer the questions of how to produce what to produce it and for whom to produce it? How does the creation of negative externalities in the production of a good impact society as a whole? A cartel differs from a monopoly in that? What is mastery approach? Which countries has directed planned economy? Only the southern portion of what islands was recently granted admission to the EU? In presenting the idea of a demand curve economists presume that the most important variable in determining the quantity demanded is the price of the product itself or consumer income?