In terms of Oligopoly, which statement is correct?

A In an oligopoly, there is only one firm that makes up an industry.
B In an oligopoly, there are two firms that makes up an industry.
C In an oligopoly, there is only a few that make up an industry.
D In an oligopoly, there is on firm that makes up an industry.

Correct Answer: In an oligopoly, there is only a few that make up an industry.

Bissoy MCQ
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