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What factors contribute to the dominance of a few major players in the automobile industry, creating an oligopoly market structure?
Several factors contribute to the dominance of a few major players in the automobile industry, creating an oligopoly market structure. These factors include high barriers to entry, significant economies of scale, strong brand loyalty, extensive distribution networks, and substantial capital requirements for research and development. Additionally, strategic alliances and mergers among companies can further consolidate market power and limit competition.
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What is the market structure of the steel automobile industry?
That would be an oligopoly.
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Which is the market structure of the media industry?
Market structure of the media industry: Oligopoly
Define oligopoly and monopoly?
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
Is an oligopoly market structure the most efficient market structure?
no it is not
What is the market structure of the steel automobile industry?
That would be an oligopoly.
Is comcast a monopoly or oligopoly market structure?
Oligopoly
Which is the market structure of the media industry?
Market structure of the media industry: Oligopoly
What is market structure in the media industry?
Oligopoly :)
What is meant by market structure?
An oligopoly is an intermediate market structure between the extremes of perfect competition and monopoly. Oligopoly firms might compete (noncooperative oligopoly) or cooperate (cooperative oligopoly) in the Marketplace.
Define oligopoly and monopoly?
Monopoly means an absolute power to produce and sell a product which has no close substitution. Oligopoly means a few sellers sell differentiated or homogeneous products. e g automobile industry
Is an oligopoly market structure the most efficient market structure?
no it is not
What kind of market structure is gm?
The market structure is called oligopoly. Oligopoly is a market structure characterized by a small number of relatively large firms that dominate an industry.
What kind of market structure is Pepsi?
oligopoly
What kind of market structure is McDonald's in?
oligopoly
What type of market structure is Walmart?
oligopoly
What is market structure of the media industry?
Oligopoly.
