Answer:
oligopoly
Explanation:
Oligopoly -
It refers to the type of market framework , which includes the combination of small firms , is referred to as a oligopoly .
In this scenario the market is rules by these small firms.
Due to this type of marketing structure , there is lesser competitions and hence have higher price of the goods and services .
Hence , from the given information of the question ,
The correct framework of market is oligopoly .
