In the U.S. market, people often refer to the "Big Three" in autos and the "Big Four" in accounting. These terms suggest that these two industries are

Question

Quizplus · Accepted Answer

The terms "Big Three" in autos and "Big Four" in accounting indicate a small number of dominant firms in each industry, which is characteristic of oligopolies. Oligopolies are markets dominated by a few large firms, leading to limited competition.

In the US Market, People Often Refer to the "Big Three" in Three