61.4k views
1 vote
Which type of market structure is most closely associated with the automobile industry?

A. pure competition
B. monopoly
C. monopolistic competition
D. oligoply

User Mikkom
by
8.0k points

2 Answers

0 votes

Its C Monopolistic Competition

I just took the quiz.

User Eric Sauer
by
7.9k points
3 votes
the answer to this question is D. oligopoly
There's is no proof that one company totally control the market, so both option B and C. is impossible. Each automobile companies may produce a same product, but the product could be different in price and quality,and this eliminated option A.
User Chase Seibert
by
7.9k points