Author Question: Which of the following is the best example of an oligopolistic industry? (Read 51 times)

mia · **on:** Apr 19, 2019

Question 1

________ characterizes the oligopoly market structure.

◦ A single firm that controls the industry
◦ A large number of firms producing a standardized product
◦ A few firms each large enough to influence market price
◦ A large number of firms producing differentiated products

Question 2

Which of the following is the best example of an oligopolistic industry?

◦ convenience stores
◦ book publishing
◦ public utilities
◦ smartphone manufacturing

Liamb2179 · **Reply #1 on:** Apr 19, 2019

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