Which Industry Is MOST Likely to Be an Oligopoly

question 138

Multiple Choice

Which industry is MOST likely to be an oligopoly?

• A) agriculture
• B) steel
• C) beer
• D) fast food

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Definitions:

Direct Investment

A type of foreign investment where a company or individual establishes a business or acquires tangible assets in another country.

Local Market Conditions

The specific characteristics and dynamics of a market within a localized area, including factors such as demand, competition, and regulatory environment.

Global Market

A market that transcends national borders, encompassing worldwide commerce and trade.

Franchising

A method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.