Which of the Following Industries Would Be Considered an Oligopoly

question 86

Multiple Choice

Which of the following industries would be considered an oligopoly?

• A) The hairdressing industry that has a large number of small firms.
• B) The wheat industry that has a homogeneous product and a large number of suppliers.
• C) The hotel industry that has a differentiated product and a large number of firms.
• D) The supermarket industry that has a small number of large firms.

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Definitions:

Depreciation Expense

An accounting method allocating the cost of a tangible asset over its useful life, reflecting the decrease in value of the asset over time due to wear and tear, usage, or obsolescence.

Translated

Converted from one language to another or, in financial terms, adjusted from one currency into another using the current exchange rate.