Which of the following would be the best example of an oligopolistic industry?
A) agriculture
B) large aircraft manufacturing
C) confections
D) retail convenience stores

Question

Quizplus · Accepted Answer

Oligopolistic industry refers to an industry where a small group of large firms dominates the market. Large aircraft manufacturing is a classic example of an oligopolistic industry with a few large companies such as Boeing and Airbus controlling the market.

Which of the Following Would Be the Best Example of an Oligopolistic