Which of the Following Industries Is Most Likely an Oligopoly

question 44

Multiple Choice

Which of the following industries is most likely an oligopoly?

• A) restaurant industry
• B) airline industry
• C) gold-mining industry
• D) wheat-growing industry
• E) potato-growing industry

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Definitions:

First Steps

First Steps typically refers to the initial measures or actions taken toward achieving a goal or commencing a process.

Cosmopolitanism

An ideology that all human beings belong to a single community, based on a shared morality, regardless of nationality, ethnicity, or local affiliations.

Homiphily

The tendency of individuals to associate and bond with others who share similar interests, values, or backgrounds.

Compatibility

The ability of two or more systems, devices, or components to work together without conflict, enhancing functionality or convenience.