Which of the following is the best example of an oligopolistic industry?

Question

Quizplus · Accepted Answer

The pharmaceutical industry is a classic example of an oligopolistic industry. A few large companies dominate the market, and barriers to entry (such as high research and development costs and regulatory hurdles) make it difficult for new players to enter. These companies tend to engage in strategic behavior, such as price fixing and research collusion, to maintain their market power.

Which of the Following Is the Best Example of an Oligopolistic