In the US market, people often refer to the "Big Three" in autos and the "Big Four" in accounting.These terms suggest that these two industries are
A) purely competitive.
B) monopolistically competitive.
C) monopolies.
D) oligopolies.

Question

Quizplus · Accepted Answer

The terms "Big Three" and "Big Four" suggest that the auto and accounting industries, respectively, are dominated by a small number of large firms, indicating an oligopoly market structure.

In the US Market, People Often Refer to the "Big