The fashion industry is an example of a(n) industry. Question 2 options: Perfectly Competitive Monopolistic Monopolistically Competitive Oligopolistic

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The fashion industry is an example of  Oligopolistic  industry.

  • From the angle of market concentration, the fast fashion clothing market of our country is oligopoly III.
  • When a few big companies control all or most of the sales in an industry, oligopoly results.
  • There are many industries that exhibit oligopoly, such as the auto sector, cable television, and commercial aviation.
  • Companies with an oligopoly are like cats in a bag.
  • The industry of computer technology provides the clearest illustration of oligopoly.
  • Apple and Windows are two well-known names when it comes to computer operating software.
  • The majority of the market share has been controlled by these two firms.

What is oligopoly industry?

  • In oligopoly markets, a limited number of suppliers control the market.
  • They are present in every nation and a wide variety of industries.
  • While some oligopoly markets are much more competitive than others, others can at least appear to be so.

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