Discuss the likely economic outcome if all markets were oligopolistic. Provide specific examples to support your response.

If all markets were oligopoly, then there would be an unbalanced market control. Having an unbalanced market control would mean that the market is faced with a situation where the suppliers cannot be able to meet the excess demand in the market or there is much supply of products in the market than what is required.

An example of an oligopoly market is the auto industry. If all the auto industry were oligopolists, they would not be able to meet or rather satisfy the demand for cars in the market due to the drastic increase in the automobile.