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There are few sellers and many buyers in the a. monopolistic competitive market structure. b. oligopoly market structure. c. monopoly market structure. d. perfectly competitive market structure.

Answer :

OlanmaEgo

There are few sellers and many buyers in the: b. oligopoly market structure.

The oligopoly market structure is one where there are few sellers and many buyers. The companies in the given industry are few and have intense competition.

  • They also influence the price of the commodities in the market because there are not so many competitors.

  • There are several barriers that can limit the entry of new companies into this market structure.

  • Examples of industries that operate this structure are air travel companies and automobile companies.

Learn more about oligopoly here:

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