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?

Question

Quizplus · Accepted Answer

Ford Motor Company is an example of a differentiated oligopolist because it operates in the automotive industry, which is characterized by a few large firms that sell similar but differentiated products. These companies compete on factors other than price, such as product features, quality, and branding.

Use Your Basic Knowledge and Your Understanding of Market Structures