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What Is an Oligopoly? Give Two Examples of Oligopolistic Industries

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Essay

What is an oligopoly? Give two examples of oligopolistic industries in the United States.


Definitions:

Colonial Past

Refers to the period of history when various European nations established, exploited, and maintained colonies in other regions of the world.

Prosperous Country

A nation characterized by economic growth, high standards of living, and general well-being among its citizens.

Jihad

An Islamic term referring to the religious duty of Muslims; often interpreted as "striving in the way of Allah," which can encompass both spiritual and physical efforts.

McWorld

A term coined by Benjamin Barber to describe the globalizing of culture and commerce where national borders are less significant, leading to a homogenized, global culture.

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