Which Is an Example of a Differentiated Oligopoly

question 62

Multiple Choice

Which is an example of a differentiated oligopoly?

• A) The beer industry
• B) The primary aluminum industry
• C) The polyester fiber industry
• D) The cement industry

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Definitions:

Industry

The sector of an economy that is involved in the production of goods or related services.

Advantage

A condition or circumstance that places a person or entity in a favorable or superior position.

Import Quotas

Restrictions imposed by a government on the amount or value of goods that can be imported into a country, often used to protect domestic industries.

Tariffs

Taxes imposed by a government on imported goods and services.