An example of an oligopoly is:

Question

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An oligopoly is a market structure in which a small number of large firms dominate the market. In the tobacco industry, a few large companies, such as Philip Morris and British American Tobacco, control a large portion of the market. This concentration of market power allows these companies to influence prices and compete with each other, while making it difficult for smaller companies to enter the market. Therefore, the tobacco industry is a clear example of an oligopoly. Other industries listed in the options may have characteristics of oligopoly, but tobacco industry is the best example among them.

An Example of an Oligopoly Is