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    an example of a real-world industry or market that would be described by economists as an oligopoly

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    Please explain to me with an example of a real-world industry or market that would be described by economists as an oligopoly market

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    This structure exists when a few sellers of products or services control the supply of a large proportion of the market. These firms tend to set similar prices and create more difficult barriers for entry into the market. In oligopoly is market form in which a market is dominated by a small number of sellers (oligopolistic). Oligopolistic markets are characterized by interactivity.

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