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Examples of p...

Question

Examples of pure oligopolies industries
I. Cement
II. Steel
III. Copper and aluminium
IV. Automobiles

A

I and II are correct

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B

II and III are correct

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C

I, II and III are correct

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D

All are correct

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Solution

The correct option is D All are correct
Oligopoly is a situation where there are few firms who dominates the market. The market is very highly concentrated. There is no monopoly in this but the firms are divided into groups using the group theory. Examples of pure oligopolies industries are cement, steel and copper and aluminium industry because these all falls in the same categories which is related to construction.

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