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List four goods or services that you have purchased that were produced by an oligopolist. Why...

List four goods or services that you have purchased that were produced by an oligopolist. Why are these industries oligopolistic, rather than monopolistic competitive?

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Answer #1

THE INDUSTRY IS A OLIGOPOLOSTIC UNDUSTRY BECAUSE THERE ARE JUST FEW BIG SELLERS IN THE MARKET WHOM ARE HIGHLY INTERDEPENDENT,

1- I PURCHASED A HYUNDAI CAR, CAR MARKET IS OLIGOPOLY

2- I PURCHASED AN AIRLINE TICKETS FROM EMIRATES AIRLINES, AIRLINE INDUSTRY IS OLIGOPOLY

3- I PURCHASED AN I PHONE, TELEPHONE INDUSTRY IS OLIGOPOLY

4- YOU CAN MENTION YOUR CABLE TELEVISION PROVIDER BECAUSE THAT IS ALSO AN OLIGOPOLY INDUSTRY

ALL THESE INDUSTRIES PROVIDES HETEROGENEOUS GOODS BUT THE PROBLEM WITH THEM IS THAT ALL THESE INDUSTRIES ARE HIGHLY INTERDEPENDENT AND HAVE SOME FEW BIG SELLERS IN THE MARKET

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