Question

In an oligopolistic market, consumer choice is nonexistent. limited. extensive. infinite.

Answer 1

Answer:Limited

Explanation:

Answer 2

In an oligopolistic market, a consumer's choice is always: limited.

What is an oligopolistic market?

An oligopolistic market can be defined as a market structure which comprises a small number of business firms (sellers) that are offering identical or similar products to consumers, in such a way that none can limit the significant influence of the other.

Generally, an oligopolistic market is distinguished by several characteristics such as:

• Mutual interdependence between business firms.  

• Market control by many small business firms.

• Difficult entry to new business firms.

In conclusion, a consumer's choice is always limited in an oligopolistic market.

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