Oligopolies are prevalent throughout the world and appear to rapidly increasing. Unlike a monopoly, where one...

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Oligopolies are prevalent throughout the world and appear torapidly increasing. Unlike a monopoly, where one corporationdominates a certain market, an oligopoly consists of a select fewcompanies that have significant influence over an industry. Chooseone current example of an oligopoly in the market e.g., cabletelevision, cellular phone service, computer operating systems,airline industry, auto industry, pharmaceuticals, etc. Each studentmust choose a different example (first come, first served!). With aminimum of two detailed paragraphs; Explain how this oligopolyworks (companies involved, competition/cooperation) Explain theeffects on consumers, both positive and negative.

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The business related computer operating system is like an oligopoly system which consists of a limited number of organizations who actually compete between themselves in the market to overcome each other If we look at this industry we will observe that there is See Answer

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