Ask Question
26 June, 17:24

Why is the automobile industry considered an oligopoly

+3
Answers (1)
  1. 26 June, 20:20
    0
    Impure because have both lack of competition and product differentiation as sources of market power. An example of an impure oligopoly is the automobile industry, which has only a few producers who produce a differentiated product. A concentration ratio can be defined for any number of firms
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why is the automobile industry considered an oligopoly ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers