A. Automobile Production is the best example of an oligopolistic industry.
In the field of business, an oligopolistic industry can be described as an industry in which there are lower firms and hence the forms can put a sales price of their choice.
An oligopolistic industry will have lesser competition because there are lesser firms of the same kind in the market. As a result, the oligopolistic industry forms have independent pricing.
An example of an oligopolistic industry is automobile production. There are lesser forms involved in automobile production hence the pricing of automobiles is independent for each firm.
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