Breakfast cereals,automobiles,and soft drinks are examples of products that are produced under which type of competition?

Question

Quizplus · Accepted Answer

Breakfast cereals, automobiles, and soft drinks are typically produced by a few large companies that dominate the market, which is characteristic of an oligopoly. In an oligopoly, a small number of firms have a large market share, can influence prices, and have barriers to entry that prevent new competitors from easily entering the market.

Breakfast Cereals,automobiles,and Soft Drinks Are Examples of Products That Are