The four largest firms account for approximately 95% of U.S. cigarette sales. The U.S. cigarette industry would be best classified as a(n)

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The U.S. cigarette industry is best classified as an oligopoly because it is dominated by a small number of firms (four in this case) that account for the vast majority of sales, which is a characteristic feature of an oligopoly.

The Four Largest Firms Account for Approximately 95% of U