Which situation could be the best example of an oligopoly?

2 answers:

8 0

<span>Oligopoly is the type of market that has few number of firms but controls the market for a certain service or product. An example would be the auto industry - Chrysler, GMC, and Ford. So the best example in the question above is 2. Since it is setting a price to maximize output level rather than lowering the price.</span>

Taya2010 [7]3 years ago

5 0

<span>A new producer of computers has entered the market and found that advertising is more useful than lowering prices.</span>

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