Which industry would be the best example of an oligopoly?
A) Steel
B) Electricity
C) Fast food
D) Retail clothing

Name: Which industry would be the best example of an oligopoly? A) Steel B) Electricity C) Fast food D) Retail clothing
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

Steel industry is a classic example of an oligopoly as it is dominated by a few large players who have significant control over pricing and production, and barriers to entry are high due to the large capital investments required to enter the market.

Which Industry Would Be the Best Example of an Oligopoly