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Auto Industry, Airline Industry, Soft Drink ( Pepsi, Coke, Cadbury-Shweppes )

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What are example of oligopolies in the US?

Auto Industry, Airline Industry, Soft Drink ( Pepsi, Coke, Cadbury-Shweppes )


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Is oligopolies always bad for the society?

Oligopolies are not inherently bad for society; their impact can vary based on industry dynamics and market behavior. They can lead to economies of scale, resulting in lower prices and improved products for consumers. However, oligopolies can also stifle competition, leading to higher prices and reduced innovation if firms engage in collusion or other anti-competitive practices. Ultimately, the effects of oligopolies depend on regulatory oversight and the specific market conditions.