APEX ECONOMICS
Which situation is the best example of an oligopoly?
A. Two companies own every high-speed Internet provider in a
country
B. One company controls every steel mill in a country,
C. Several computer companies sell laptops with unique features.
D. Two gas stations operate on the same busy intersection.

Question

jayana443 jayana443

24-10-2020
Advanced Placement (AP)

contestada

APEX ECONOMICS
Which situation is the best example of an oligopoly?
A. Two companies own every high-speed Internet provider in a
country
B. One company controls every steel mill in a country,
C. Several computer companies sell laptops with unique features.
D. Two gas stations operate on the same busy intersection.

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victweek8238 victweek8238 · Answer 1 · 2020-12-24T06:01:23+01:00

victweek8238 victweek8238

24-12-2020

Answer: A. Two companies own every high-speed Internet provider in a country.

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shrutiagrawal1798 shrutiagrawal1798 · Answer 2 · 2022-07-26T12:39:41+02:00

The oligopoly example is two companies tat has been owning the internet provider in a country. Thus, option A is correct.

What is oligopoly?

An oligopoly can be given as the condition in the economics where the market is shared with the small producers or sellers. The oligopoly can be driving the purpose of maximizing the profits and thereby forming companies collisions.

The sharing of the market by the small companies is given in the case of companies owning high speed internet provider in a country. Thus, option A is correct.

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