Which of the following industries would you classify as an oligopoly? Explain yo

Question

Which of the following industries would you classify as an oligopoly? Explain your answer. If you are not sure, what information do you need to know to decide? A.motorcycles B.Hotels C.cruise lines D.Firearms E.Furniture Which of the following industries would you classify as an oligopoly? Explain your answer. If you are not sure, what information do you need to know to decide? A.motorcycles B.Hotels C.cruise lines D.Firearms E.Furniture A.motorcycles B.Hotels C.cruise lines D.Firearms E.Furniture

Explanation / Answer

Answer is A

Reason Motorcycles production is done by few of the producers in the market , they capture the large size of the market by continuously advertising and promotional, schemes, they produces differentiated product with different features. we can also witness intense competition among few of the producers.

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