Which statement is the most accurate?

Question

Quizplus · Accepted Answer

When we talk about big business in the U.S., we usually refer to oligopoly, which is a market structure characterized by few dominant firms. This statement is accurate because oligopoly is a market structure where a few firms dominate the industry due to barriers to entry, economies of scale, and other factors. In an oligopolistic market, the firms have significant power to affect the price, output, and quality of products.

Which Statement Is the Most Accurate