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Politics and Political Science- Modern History

Theory of Oli...

Question

Theory of Oligopoly deals with _________.

A

consumer behaviour

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B

producers behaviour

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C

social behaviour

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D

group behaviour

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Solution

The correct option is A group behaviour
Oligopoly is a market situation in which there are few firms dominating in the market. The market is highly concentrated. Few firms are grouped in certain numbers. The group may be dominated by the leader. Hence, theory of oligopoly deals with group behaviour.

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