Which of the following is an example of an oligopoly?
a. A weekly farmers market offering buyers diverse choices of vegetables, fruits, and baked goods from area farms.
b. AT&T s control of the long distance land-line phone market in the 1980s.
c. The nationalization of the airline QANTAS by the Australian government.
d. The domination of the music industry by four major companies; Sony, EMI,
Universal, and Warner.
Please select the best answer from the choices provided
Oligopoly: a situation in which a particular market is controlled by a small group of firms.
From the list, the domination of the music industry by four major companies; Sony, EMI, Universal, and Warner, [ is an example of an oligopoly.
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