Of the following, ________ is the best example of an oligopolistic industry.
A) retail grocery
B) automobiles production
C) electric power
D) soybean farming

Question

Quizplus · Accepted Answer

The automobile production industry is a classic example of an oligopoly, characterized by a small number of large firms dominating the market, significant barriers to entry, and products that are similar but differentiated.

Of the Following, ________ Is the Best Example of an Oligopolistic