Why is the automobile industry an oligopoly?
A) because of the role of international cartels
B) because of rules made by the World Trade Organization
C) because it is capital intensive and has high start-up costs
D) because it is highly regulated and subsidized by the U.S. federal government
E) because of the role of international labor unions
Correct Answer:
Verified
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A) downsizing
B)
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A) China.
B)
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