Why do oligopolies exist?
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An oligopoly occurs when a few large businesses control the supply and availability of a certain product. An example of this is the U.S. automobile industry. ... Oligopolies are similar to monopolies in that the high cost of producing products such as automobiles can prevent smaller firms from entering the market.
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An oligopoly occurs when a few large businesses control the supply and availability of a certain product. An example of this is the U.S. automobile industry.
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