📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The competitive industry where Ford, GM, and Toyota

    operate in can best be described as:
    A Pure competition Correct Answer Incorrect Answer
    B Cross-market competition Correct Answer Incorrect Answer
    C Oligopoly Correct Answer Incorrect Answer
    D Monopolistic competition Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    An oligopoly occurs when a few companies control the majority of industry sales.

    Practice Next
    More Basics of Marketing Management Questions
    ask-question