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10 May, 20:11

Which industry would be the best example of an oligopoly? steel electricity fast food retail clothing?

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  1. 10 May, 22:23
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    Oligpoly is a market dominated by a small number of large sellers (oligopolists).

    The steel industry would be the best example of an oligopoly.

    A unique feature of an oligopolistic industry is: mutual interdependence, few large producers that produce similar but slightly different products.
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