Question

1

1.3 points
Which of the following is an example of an oligopoly?
Fourteen firms making 25% of a nation's ice cream
One company making 95% of a nation's scooters
Four firms making 99% of a nation's sodas
Ten firms making 50% of a nation's stoves

Answer 1

Four firms making 99% of a nation’s sodas. Oligopoly describes a small number of people/groups controlling/dominating a market.