The automobile, breakfast cereal, and tobacco industries are examples of

Question

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These industries are all dominated by a small number of large firms, which is a characteristic of an oligopoly market structure. In monopolistic competition, there are many small firms that produce slightly differentiated products, while perfect competition involves a large number of small firms producing identical products. A monopoly involves a single firm with complete control over the market, and a monopsony involves a single buyer with control over the market.

The Automobile, Breakfast Cereal, and Tobacco Industries Are Examples of