Give economic term : The type of market where there are few sellers.
Q.1 (B) (iii) Give economic term : The type of market where there are few sellers.
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Answer: Oligopoly
Oligopoly is a market with a few big sellers selling homogeneous or differentiated products, with strong interdependence among the firms, e.g. telecom or automobile companies.
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· 29 Oct 2026
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