The U.S.car manufacturing industry is an example of ________.

Question

Quizplus · Accepted Answer

The U.S. car manufacturing industry is an example of oligopoly with differentiated products. This is because there are a few large firms in the industry, such as General Motors, Ford, and Chrysler, that dominate the market and compete based on their branding and product differentiation. This leads to a situation where firms have some market power and can influence prices, but there is still some competition among them.

The USCar Manufacturing Industry Is an Example of ________