Which of the following industries most closely approximates the oligopoly model?

Question

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Automobile manufacturing is an industry that closely approximates the oligopoly model because it is dominated by a few large firms such as Ford, General Motors, and Toyota, which have significant control over pricing, output, and entry barriers. These companies also engage in non-price competition, such as advertising and product differentiation, to maintain their market power. The industry also requires significant investments in technology and production capacity, which creates barriers to entry and limits the number of firms that can participate.

Which of the Following Industries Most Closely Approximates the Oligopoly