A defining characteristic of an oligopolistic market is that there are

A) many buyers.
B) few buyers.
C) few sellers.
D) many sellers.

Sellers

Parties that provide products or services available for purchase in the market.

Oligopolistic Market

A market structure characterized by a small number of large firms dominating the industry, leading to limited competition and significant influence over market prices.

Buyers

Buyers are individuals or entities that purchase goods or services from sellers in exchange for money or other considerations.