Only two companies, Intel and AMD, design the computer processors for the majority of laptops and desktops sold in the U.S. today. Intel and AMD operate in which type of competitive environment?
A) a pure monopoly
B) an oligopoly
C) pure competition
D) monopolistic competition
E) a diopoly

Question

Quizplus · Accepted Answer

Intel and AMD operate in an oligopoly, which is a market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Only Two Companies, Intel and AMD, Design the Computer Processors