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

electric companies
cell phone carriers
mail delivery services
denim companies

User Qts
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2 Answers

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25 votes

Answer:

In the United States, type of industry that is often considered part of an oligopoly is cell phone carriers.

Step-by-step explanation:

This is referred to the market type which is known as being dominated by a small number of large sellers with respect to their customer base.

With this in mind, we can see that there is the good example of an oligopoly in the cell phone carrier industry as there are a lot of companies offering the same product.

User Tamasgal
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26 votes
26 votes

Answer: b cell phone carriers

Step-by-step explanation:

In the United States, cell carrier services are often considered to be a part of an oligopoly. However, apart from cell services, the oligopolist structure has several other industries. While oligopolies may seem similar to a perfect competition economic structure, where consumers have multiple choices for a similar product, and producers or sellers are bound by consumer choices and the prices set by consumers themselves, oligopolies consist of certain large companies and industries dominating the market. These companies overshadow the sale and performance of several smaller companies, due to a number of reasons.

User Abdou Amer
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