There are many industries in the United States where only a few firms compete. These industries
A) have low Herfindahl-Hirschman Indexes
B) are considered to be oligopolies
C) are considered to be monopolistically competitive
D) have four-firm concentration ratios that approach zero
E) all practice price leadership

Question

Quizplus · Accepted Answer

Industries in the United States where only a few firms compete are considered to be oligopolies. This market structure is characterized by a small number of firms that have significant market power, but they compete with each other.

There Are Many Industries in the United States Where Only