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Question

Present day, business is mostly _______ in nature.

A

Oligopolistic

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B

Duopolistic

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C

Monopolistic

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D

Bilateral

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Solution

The correct option is A Oligopolistic
An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.

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