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:

Client

A person or organization receiving services or advice from a professional or company.

Liability for Negligence

The legal responsibility for harm caused by failing to act as a reasonable person would under similar circumstances.

Third Party Beneficiaries

Individuals or entities who are not parties to a contract but stand to benefit from its execution or its terms.

Accountant

A professional who performs accounting functions such as audits or financial statement analysis.