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PIT_PIT [208]
3 years ago
9

Which industry would be the best example of an oligopoly? steel electricity fast food retail clothing?

Arts
1 answer:
olga_2 [115]3 years ago
4 0

Oligpoly is a market dominated by a small number of large sellers (oligopolists).

The steel industry would be the best example of an oligopoly.

A unique feature of an oligopolistic industry is: mutual interdependence , few large producers that produce similar but slightly different products.

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