Which of the following might be considered an oligopoly?
A) clothing
B) cell phones
C) airlines
D) backpacks

Name: Which of the following might be considered an oligopoly? A) clothing B) cell phones C) airlines D) backpacks
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Airlines may be considered an oligopoly as there are only a few major players in the market, such as Delta, United, American Airlines, and Southwest. These companies control a large portion of the market share and have significant control over prices and competition.

Which of the Following Might Be Considered an Oligopoly