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***ECONOMICS***
Which word or phrase best completes the diagram?
Features of _________
• Higher barriers to entry
• A few businesses dominating an industry
• Can have a price-fixing problem


A. Pure Competition
B. Oligopolies
C. Monopolistic Competition
D. Monopolies

Respuesta :

Answer: B) Oligopolies

Explanation: Just scored it right on the test

The correct option is B). Oligopolies

What is an oligopoly market?

An oligopoly is a market structure in which a market is shared by a small number of producers or sellers.

There are high barriers to entry in this market and only few businesses dominated the industry.

Sellers in oligopoly market can have a price- fixing problem.

Learn more about an oligopoly market here:-

https://brainly.com/question/14093864

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