36
QuizMultiple Choice

Market Structures and Competition — Quiz

Question 36 • Economics

In the United States, which type of industry is often considered part of an oligopoly?

Answer
A
mail delivery services
B
cell phone carriers
C
denim companies
D
electric companies

Explanation

An oligopoly is a market dominated by a small number of large firms. In the United States, a few major cell phone carriers hold much of the market, so cell phone carriers are often considered an oligopoly. Electric companies are more commonly regulated monopolies in the areas they serve.

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