Economy, asked by clancio, 6 months ago

example of automobile industry an oligopoly

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Answered by khaninayath302

Answer:

The US automobile industry is a good example of an oligopoly. It consists mainly of three major firms, General Motors (GM), Ford, and Chrysler. The influence of this oligopoly can be seen in the prices and the development and introduction of new car models into the American car market...

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