why is the automobile industry considered an oligopoly? select all that apply.\nit offers little…
why is the automobile industry considered an oligopoly? select all that apply.\nit offers little differentiation within the market.\nit has significant barriers to entry.\nit is controlled by companies that patent key technology.\nit relies on price variation to attract customers.\nit depends on brand loyalty and image to generate sales.\nit is dominated by a few key players.
Answer
Answer:
It has significant barriers to entry. It is controlled by companies that patent key technology. It depends on brand loyalty and image to generate sales. It is dominated by a few key players.