Identify a firm with which an organization does business and explain if the firm is: perfectly competitive; monopolistic competitive; oligopoly; or pure monopoly.

Oligopoly:

Oligopoly refers to a market structure wherein only a few large-scale sellers operate. Moreover, it is very hard to penetrate an oligopolistic market and compete as a small firm. Examples of oligopolistic markets include the soft drink and automotive industries.

The United States Police Department relies heavily on Ford Motor Company to manufacture its police cars. The firm, as explained above, is a classic example of an oligopoly. This is because only a few sellers operate within the automobile market.