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The automobile industry is not typically considered a monopoly, as it consists of multiple manufacturers competing for market share, such as Ford, Toyota, and Volkswagen. However, certain segments, like luxury or electric vehicles, may have dominant players that exhibit monopolistic tendencies. A true monopoly occurs when a single company controls the entire market for a product or service, which is not the case in the overall automobile industry.

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1mo ago

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What are two characteristics of each type of competition and give an example of an industry that fits each type?

Perfect competition: Characteristics - many buyers and sellers, identical products. Example industry: Agriculture (e.g., wheat farming). Monopolistic competition: Characteristics - many buyers and sellers, differentiated products. Example industry: Restaurants (e.g., fast food chains). Oligopoly: Characteristics - few large firms dominating the market. Example industry: Automobile manufacturing. Monopoly: Characteristics - single seller with no close substitutes. Example industry: Utility companies (e.g., water supply).


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an industry is a type of business, like the automobile industry. they make automobiles, or cars


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Monopoly ~ APEX :)


How do you draw a ER diagram for an automobile industry?

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Give solution to er diagram of automobile industry?

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Pestel analysis of Pakistan automobile industry?

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What is the role of hr in automobile service industry?

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