An Example of an Oligopoly Is

question 150

Multiple Choice

An example of an oligopoly is:

• A)the restaurant industry.
• B)the wheat market.
• C)the tobacco industry.
• D)the beef industry.

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Definitions:

Multiculturalism

A policy or ideology that promotes the inclusion and celebration of diverse cultural backgrounds, traditions, and beliefs within a society, recognizing and respecting cultural differences.

Pluralistic Societies

Societies that are characterized by the peaceful coexistence of various groups, cultures, or individuals with differing beliefs, values, and lifestyles.

Modernization

The process of adopting newer methods, ideas, and technologies in various aspects of society, aiming for progress in economic, social, and cultural domains.

Traditional Societies

Traditional societies are characterized by a predominantly agrarian and non-industrial culture with social structures and norms defined by customs, traditions, and often, religious beliefs.