An oligopoly a. is a type of imperfectly competitive market. b. has a concentration ratio of less than 50 percent. c. is a price taker. d. has many firms rather than just one firm or a few firms.

Option A

is a type of imperfectly competitive market

Explanation:

An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market.

Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their  products which are relatively differentiated products

These firm together have a concentration ratio of more than 50% i.e they control more than 50% of  the entire market share.

Answer

is a type of imperfectly competitive market

statement of owner"s equity;

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