Business, 22.01.2020 23:31 brainfreeze911ovksah

Which situation could be the best example of an oligopoly?

a new producer of power tools has entered the market and is relying on low prices to attract consumers.
a new producer of a smart phone operating system is trying to enter the market but cannot because most cell phone makers use one of two popular operating systems.
a new producer of running shoes is trying to enter the market but cannot because of an existing patent.
a new producer of tires has entered the market and found that demand is already being met.

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Which situation could be the best example of an oligopoly?

a new producer of power tool...

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