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Question

Oligopoly has been derived from two Greek terms,and.

A
oligum
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B
poll
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C
oligoi
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D
poly
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Solution

The correct option is D poly
Oligopoly has been derived from two Greek words, 'oligoi' and 'poly'. Oligoi means few while poly means to control. Thus, oligopoly is a market form in which there are few sellers who are dealing either in homogeneous or differentiated products.

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