Industry A comprises only very few large firms engaged in stiff competition with each other. Industry A can best be described as

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Industry A is best described as an oligopoly since there are only a few large firms competing with each other. In an oligopoly, the market is dominated by a small number of firms, which gives them significant control over the price and supply of the product. The firms in an oligopoly tend to compete on non-price factors such as advertising and product differentiation, which can lead to high barriers to entry for new firms.

Industry a Comprises Only Very Few Large Firms Engaged in Stiff