Excluding foreign competition, which of the following is an oligopoly in the United States?
A) The computer industry.
B) The automobile industry.
C) The steel industry.
D) All of these are oligopolies.

Question

Quizplus · Accepted Answer

All of these industries - computers, automobiles, and steel - are examples of oligopolies in the United States. In each industry, a small number of large firms dominate the market and hold significant market power, often leading to collusion and anti-competitive behavior.

Excluding Foreign Competition, Which of the Following Is an Oligopoly