Only two companies,Intel and AMD,design the computer processors for nearly every laptop and desktop sold in the U.S.today.Intel and AMD operate in which type of competitive environment?
A)a pure monopoly
B)an oligopoly
C)pure competition
D)monopolistic competition
E)a diopoly

Question

Quizplus · Accepted Answer

An oligopoly occurs when a few companies control the majority of industry sales,as is the case in the CPU industry in the United States.

Only Two Companies,Intel and AMD,design the Computer Processors for Nearly