Which of the following industry structures is dominated by a small number of large companies?
A) Fragmented industry
B) Consolidated industry
C) Oligopoly
D) Monopoly
E) Sector

Question

Quizplus · Accepted Answer

An oligopoly is an industry structure in which a small number of large companies dominate the market. The companies may have significant control over the pricing, production, and distribution of goods and services. Examples of oligopolies include the telecommunications industry, the brewing industry, and the airline industry.

Which of the Following Industry Structures Is Dominated by a Small