Telecom Sector in India is an example of

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Non Competitive markets

Question:

Telecom Sector in India is an example of which kind of market structure?

Options:

Monopoly

Oligopoly

Monopolistic

Perfect Competition

Correct Answer:

Oligopoly

Explanation:

Since there are majorly three players in the market, and huge investment requirement acts as a barrier to entry.