In the United States, the manufacture of breakfast cereal is dominated by Kellogg's, General Mills, and General Foods, which together control most sales.This pattern is an illustration of

Question

Quizplus · Accepted Answer

This pattern of market domination by only three major players indicates an oligopoly, which is a market structure in which a few large firms control most of the market.

In the United States, the Manufacture of Breakfast Cereal Is