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Rashid [163]
3 years ago
6

The automobile industry is dominated by a small number of very large producers who sell a differentiated product. The market str

ucture that best fits the auto industry is__________________.
Business
1 answer:
Igoryamba3 years ago
6 0

Answer:

oligopoly

Explanation:

Oligopoly -

It refers to the type of market framework , which includes the combination of small firms , is referred to as a oligopoly .

In this scenario the market is rules by these small firms.

Due to this type of marketing structure , there is lesser competitions and hence have higher price of the goods and services .

Hence , from the given information of the question ,

The correct framework of market is oligopoly .  

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