Kodak,Fuji,and Agfa control the vast majority of sales for traditional 35mm photographic film.The photographic film industry is an example of a(n)__________.
A)monopoly
B)mega monopoly
C)oligopoly
D)pure competition
E)monopolistic competition

Question

Quizplus · Accepted Answer

An oligopoly is a market structure in which a few large firms dominate the market. In this case, Kodak, Fuji, and Agfa control the majority of sales for traditional 35mm photographic film, indicating an oligopoly.

Kodak,Fuji,and Agfa Control the Vast Majority of Sales for Traditional