Pure oligopoly is based on the mdash mdash mdash mdash ndash products ........

Economics- Phase (I & II) Demand and Supply , Market Structures

Pure oligopoly is based on the————– products.

differentiated

homogeneous

unrelated

None of these

- Option 1: Differentiated

Products are similar but have differences that make them unique. They compete on factors other than price, such as quality or brand.

- Option 2: Homogeneous

? Pure oligopoly features identical products. Firms compete mainly on price because the products are indistinguishable.

- Option 3: Unrelated

Products that are not directly competing with each other. Each serves different needs.

- Option 4: None of these

Implies none of the above options correctly describes the basis of pure oligopoly.

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