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

question 125

Multiple Choice

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

• A) the restaurant industry
• B) the clothing industry
• C) the corn industry
• D) the airline industry

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Definitions:

Assets

Resources with economic value owned by an individual, corporation, or country, expected to provide future benefits.

Liabilities

Monetary liabilities or dues that an individual or business is responsible for paying to other entities.

Bar Graph

A type of graph or data display that uses rectangular bars to compare categories of data.

Transportation-Related Costs

Expenses incurred during the process of moving goods or individuals from one location to another, including costs such as fuel, tolls, and maintenance.