Which statement is true?A) Most firms in the United States are oligopolies.B) Oligopoly is illegal in the United States.C) Product differentiation is the most important characteristic of oligopoly.D) Big business or industry in the United States typically refers to oligopolies.

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lockita mejia · Accepted Answer

Final Answer : D, Explanation :  Big business or industry in the United States typically refers to oligopolies. While there are many small businesses in the United States, the majority of the economy is dominated by a small number of large firms in each industry, which is characteristic of an oligopoly market structure. Furthermore, the size and power of these firms often allow them to exert significant influence over the market and drive out smaller competitors.

Which statement is true?

A) Most firms in the United States are oligopolies.
B) Oligopoly is illegal in the United States.
C) Product differentiation is the most important characteristic of oligopoly.
D) Big business or industry in the United States typically refers to oligopolies.

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