Yes, the auto industry is considered an oligopoly because a small number of large companies dominate the market and have significant control over pricing and competition.
Market structure of the media industry: Oligopoly
Oligopolistic
The diamond industry is an oligopoly, or an industry dominated by a small number of large businesses.
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.
Steel industry
Oligopoly :)
Market structure of the media industry: Oligopoly
Oligopolistic
The diamond industry is an oligopoly, or an industry dominated by a small number of large businesses.
Steel industry
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.
Oligopoly.
Oligopoly
Yes, the automotive industry is considered an oligopoly because it is dominated by a small number of large firms that have significant control over the market.
Disney is not an oligopoly. An oligopoly is a small number of firms who work together to sell a homogeneous or differentiated product. It is instead an industry that has many outputs of different products.
An oligopoly.
an oligopoly