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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