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

Question

Quizplus · Accepted Answer

Pittsburgh Plate Glass operates in an industry that is highly concentrated and produces a product (glass) that is largely homogeneous, meaning it is similar across different producers. This fits the definition of a homogeneous oligopoly, where a few companies dominate the market and sell products that are very similar, if not identical.

Use Your Basic Knowledge and Your Understanding of Market Structures