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wel
3 years ago
13

Which example illustrates an oligopoly market structure in early American history?

History
2 answers:
SOVA2 [1]3 years ago
5 0

A) Two cobblers in town control the shoe making business.

An oligopoly is an economic system where only a few businesses are in control of an industry.

In this example the business of cobbling is controlled by only two people. This system has a bit more competition than a monopoly where only one company has control but is still limiting the economic structure. These two cobblers could work together to set prices therefore still limiting the economic competition.


Tomtit [17]3 years ago
3 0

Correct answer choice is:

A) Two cobblers in town control the shoe making business.

Explanation:

An oligopoly is a business structure in which a few companies or organizations control. When a business is distributed between a few firms, it is said to be extremely intensive. Although just a few firms control, it is probable that many small firms may also perform in the market. The auto industry is another example of an oligopoly.

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