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

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, allowing them to have significant control over prices and other market factors.

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