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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:

Normal Fault

A type of fault where the hanging wall moves downward relative to the footwall due to extensional forces, common in divergent plate boundaries.

Fault Scarp

A steep slope or cliff formed directly by movement along a fault line, indicative of tectonic activity.

Earthquake

The shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves.

Volcanic Explosions

Violent eruptions from a volcano, releasing magma, gas, and debris with great force and often with little warning.

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