Which one of the following is the best example of an oligopolistic industry?

Question

Quizplus · Accepted Answer

Soft drink industry is an example of an oligopoly because a few big players dominate the market and set the prices. The barriers to entry in this industry are high because of the high capital requirements and the dominance of the existing players. Wheat growers and apple growers are examples of a competitive industry, while public utilities are often regulated by the government and do not have the same market power as an oligopoly.

Which One of the Following Is the Best Example of an Oligopolistic