question archive An automotive industry would most accurately fit under which of the following market classifications? a
An automotive industry would most accurately fit under which of the following market classifications? a
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An automotive industry would most accurately fit under which of the following market classifications?
a. pure competition
b. pure monopoly
c. monopolistic competition
d. oligopoly
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d. oligopoly
The automotive industry comprises of the economic sector, which offers the possible highest revenues. This industry contains few firms, but the scale of operations of these companies is so large enough. That is why it needs huge innovation, maintenance, and development.
