The market for automobiles is an example of
A) monopolistic competition.
B) duopoly.
C) differentiated oligopoly.
D) pure oligopoly.

Name: The market for automobiles is an example of A) monopolistic competition. B) duopoly. C) differentiated oligopoly. D) pure oligopoly.
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Question

Quizplus · Accepted Answer

The automobile market is characterized by a few large firms that sell similar but differentiated products, which is a hallmark of differentiated oligopoly.

The Market for Automobiles Is an Example of