Question
The automotive manufacturing business in the U.S. Is an example of what type of market?
Choose the best answer from the options below:
A oligopoly
B monopoly
C farm
D market competition
Choose the best answer from the options below:
A oligopoly
B monopoly
C farm
D market competition
Answers
GPT-4o mini
The best answer is A) oligopoly.
The automotive manufacturing business in the U.S. is characterized by a few large firms dominating the market, making it an oligopoly.
The automotive manufacturing business in the U.S. is characterized by a few large firms dominating the market, making it an oligopoly.