What is an example of oligopoly?

Answer 1

The question reference the incidence of oligarchs. Oligarchs are essentially king-pins which can singularly dominate entire industries and economies. Oligarchy is often used to describe the economic takeovers by a handful of men of Russia in the early 1990s to the present. An example of Oligopoly was Russia's Gazprom under Mikhail Khodorkhovsky. Individual oligarchs include Roman Abramovich, Alisher Usmanov, and the exiled Vladimir Gusinsky and Boris Berezovsky.

Answer 2

An example of an oligopoly is the film industry. Another example is the automobile industry. Oligopolies are comprised of businesses that offer the same products and services in a market which has a small number of sellers.

Answer 3

The movie industry; there are basically only 6 major movie studios. The same is true of TV, cell phone companies, music companies, etc.

Answer 4

It's call Market Structure ,when 3 or more companies come together but a few really dominate more .

Answer 5

See the related link below.