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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:

Cash Collections

The process of gathering money that has been received from customers as payment for goods or services.

Cash Balance

The amount of cash or cash equivalents held by a company at a particular point in time.

Selling and Administrative Expense

Costs related to the selling of products and the administration of a business, not including production costs.

Variable Expense

Expenses that change in proportion to the activity of a business.

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