Question

The market for automobiles is an example of​

Answer 1

Answer:

an oligopoly

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Answer 2

The market for automobiles is an example of​ an oligopoly.

• The automobile business in the United States is an excellent illustration of an oligopoly.
• It is mostly made up of three big corporations: General Motors (GM), Ford, and Chrysler.
• This oligopoly's influence may be observed in prices, as well as the development and introduction of new car models into the American car market.