Answer: the correct answer is they are examples of conflict theory in action.
Answer:
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence.
Explanation:
The three most important characteristics of oligopoly are:
(1) an industry dominated by a small number of large firms,
(2) firms sell either identical or differentiated products, and
(3) the industry has significant barriers to entry.