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The automobile industry is considered an oligopoly because it is dominated by a small number of large companies that have significant control over the market. These companies have the power to influence prices and competition, making it difficult for new entrants to enter the market.
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Is the automobile industry considered an oligopoly?
Yes, the automobile industry is considered an oligopoly because a small number of large companies dominate the market and have significant control over pricing and competition.
What would economists describe the US automobile industry as?
an oligopoly
What is the market structure of the steel automobile industry?
That would be an oligopoly.
In the United States which industry could best be defined as an oligopoly?
Automobile manufacturing.
Is the automotive industry considered an 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.
Is the automobile industry considered an oligopoly?
Yes, the automobile industry is considered an oligopoly because a small number of large companies dominate the market and have significant control over pricing and competition.
What would economists describe the US automobile industry as?
an oligopoly
What is the market structure of the steel automobile industry?
That would be an oligopoly.
In the United States which industry could best be defined as an oligopoly?
Automobile manufacturing.
Is the automotive industry considered an 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.
Is the car industry considered an oligopoly?
Yes, the car industry is considered an oligopoly because a small number of large companies dominate the market and have significant control over pricing and competition.
Is the auto industry an oligopoly?
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.
What factors contribute to the dominance of a few major players in the automobile industry oligopoly?
Several factors contribute to the dominance of a few major players in the automobile industry oligopoly. These include economies of scale, high barriers to entry, brand loyalty, technological advancements, and strategic alliances. Additionally, government regulations and market demand also play a role in shaping the competitive landscape of the industry.
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 :)
Is airline industry a oligopoly or monopolistic?
Oligopolistic
Is the diamond industry an oligopoly or monopolistic cometition?
The diamond industry is an oligopoly, or an industry dominated by a small number of large businesses.
