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Economics Q65

65Zain Enterprises operates in an industry, which is characterized by a few sellers of a homogeneous product. The pricing decisions of the firms in this industry are interdependent. This industry is best characterized as:
  • Option : B
  • Explanation : Oligopoly markets are characterized by a small number of firms that dominate the market. There are so few firms in the relevant market that their pricing decisions are interdependent.
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