The automobile, household appliance, and automobile tire industries are all illustrations of:?

NetherCraft 0

A. homogeneous oligopoly

B. mompolistic competition.

C. pure monopoly

D. differentiated oligopoly

1 Answer

  • The answer is “D”. For sure it’s not B nor C. Might be “A”, but Automobile, household appliances, and automobile tire industries are different industries owned by different large corporates, they are not competing vs each other, nor working together to cover more market area.

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