Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a differentiated oligopolist in a highly concentrated industry?

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Ford Motor Company is the best choice as it operates in the highly concentrated automobile industry, which is dominated by a few large firms (oligopoly) and differentiates its products from its competitors through features such as design, technology, and branding. Subway Sandwiches, Pittsburgh Plate Glass, and Kaiser Aluminum are not good choices as they operate in highly competitive markets with many small firms (perfect competition) or operate as commodity products without much differentiation (monopolistic competition).

Use Your Basic Knowledge and Your Understanding of Market Structures