Asked by marisol vasquez on May 04, 2024
Verified
Which of the following is the best example of oligopoly?
A) Women's dress manufacturing.
B) Automobile manufacturing.
C) Restaurants.
D) Cotton farming.
Oligopoly
A market structure characterized by a small number of firms whose decisions affect and are affected by each other, leading to strategic behavior.
Automobile Manufacturing
The industry and process involved in the design, development, production, marketing, and sale of motor vehicles.
Cotton Farming
The agricultural practice of cultivating the cotton plant for its fibers, which are harvested and processed into textile products.
- Pinpoint cases of oligopolistic market structures.
Verified Answer
Learning Objectives
- Pinpoint cases of oligopolistic market structures.
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