Which One the Following Industries Is the Best Example of an Oligopoly

question 75

Multiple Choice

Which one the following industries is the best example of an oligopoly?

• A)the market for wheat
• B)the fast-food industry
• C)the automobile industry
• D)the clothing industry
• E)the restaurant industry

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Definitions:

Borne

Borne usually refers to costs or expenses being carried or supported. In business, it means that a party takes on the responsibility for certain expenses.

IASB

The International Accounting Standards Board, an independent body responsible for the development and publication of International Financial Reporting Standards (IFRS).

FASB

The Financial Accounting Standards Board, an organization responsible for setting accounting and financial reporting standards in the U.S.

Financial Reporting

The act of crafting disclosures that communicate an entity's monetary position to its administration, investors, and the state.