Which of the following industries is most likely an oligopoly?
A) restaurant
B) airline
C) gold mining
D) wheat growing
E) potato growing

Name: Which of the following industries is most likely an oligopoly? A) restaurant B) airline C) gold mining D) wheat growing E) potato growing
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Question

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The airline industry is known to be dominated by a few large firms (such as Delta, United, and American Airlines) and barriers to entry are significant, making it a prime example of an oligopoly.

Which of the Following Industries Is Most Likely an Oligopoly