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Identify at least one market structure that is predominant in the United States and why?

Identify at least one market structure that is predominant in the United States and why?

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Answer #1

One such market structure prevalent in the US is Oligopoly, in the laptop market.

Oligopoly is the market structure where few large firms dominate the market, and their price/output decisions are interdependent. Barriers to entry are quite high. In the US, the laptop market is dominated by few large firms (HP, Dell, Apple), who price their products on basis of price charged by the other rivals. Entry barriers are very high in terms of fixed cost, access to technology and brand reputation.

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