What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

What refers to the market situation in which any given product is supp

1.	What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?
A.	Perfect competition
B.	Oligopoly
C.	Oligopsony
D.	Monopoly
Answer» B. Oligopoly

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What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

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