Oligopoly that has identical products is known as:

Q. Oligopoly that has identical products is known as:
Answer: Pure oligopoly
Notes: Oligopoly refers to a market situation in which there are a few firms selling homogeneous or differentiated products. Oligopoly is, sometimes, also known as ‘competition among the few’ as there are few sellers in the market and every seller influences and is influenced by the behaviour of other firms.

Question Source: 📚This question has been sourced from GKToday's "40000+ GK / General Studies MCQs for SSC & State PCS Exams" App Exclusive Course in GKToday Android Application which provides more than 40K General Knowledge and General Studies questions with explanations asked in all Competitive Exams of India. Download the app here.

📌 Question Number: 79 in General Studies Mock Test - 56 in the above course in App.

This Question is Also Available in:

हिन्दी ಕನ್ನಡ