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Is Facebook a monopoly in the social media industry?

Facebook is a dominant player in the social media industry, but it is not considered a monopoly as there are other competitors in the market such as Twitter, Instagram, and Snapchat.


What is Guatemala's dominant industry today?

Their main Industry is coffee.


What is a company that wipes out its competitors and controls an industry?

Monopoly


What is an industry in which there are many competitors?

The insurance industry is one example of an industry with many competitors. Many companies are constantly vying for clients, and even sales personnel within the same company are at constant competition to hit quotas.


Who are H and M's main competitors in the fashion industry?

uniqlo


What is the dominant industry of Alaska?

Oil production.


What was Florida's dominant industry in 1875?

citrus


How Nike have used their business environments to gain market share on their competitors and become a leader in their industry?

= How Nike have used their business environments to gain market share on their competitors and become a leader in their industry? =


What growing industry in Nigeria has increasingly attracted pirates?

Diamond


What impact does the auto industry oligopoly have on consumer choice and competition within the market?

The auto industry oligopoly limits consumer choice by reducing the number of competitors, leading to less variety and potentially higher prices. Competition is also limited as the few dominant firms may collude rather than compete aggressively.


What company is a ologopoly?

An oligopoly is an industry or service, which is dominated by several major competitors.


What are five components for industry structure analysis?

Trends, Customer Profile, Technology, Competitors