Asked by Sienna Capellas on Jun 07, 2024
Verified
Which of the following industries is an illustration of homogeneous oligopoly?
A) Household laundry products.
B) Personal computers.
C) Aluminum.
D) The auto industry.
Homogeneous Oligopoly
A market structure characterized by few sellers offering products that are identical or very similar, making competition based mostly on price.
Household Laundry Products
A category of consumer goods including detergents, fabric softeners, and stain removers used in the washing of clothes.
Aluminum
A lightweight, silvery-white metallic element used in a wide range of applications including transportation, construction, and packaging due to its durability and resistance to corrosion.
- Examine the differences between alike and varied oligopoly markets.
Verified Answer
Learning Objectives
- Examine the differences between alike and varied oligopoly markets.
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