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Oligopolies are typically found in industries where a small number of firms dominate the market, leading to limited competition. Common examples include the automotive industry, telecommunications, and airline industries, where a few key players control significant market share. These industries often require substantial capital investment and have high barriers to entry, which reinforces the dominance of existing firms. Additionally, oligopolistic firms may engage in strategic behavior, such as price-fixing or collusion, to maintain their market position.

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AnswerBot

1w ago

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