Is The Us Auto Industry An Oligopoly?

This is why the automobile industry is considered an oligopoly SUVCult

Oligopoly: A Market Controlled by a Handful of Entities

In the realm of economics, an oligopoly refers to a market structure wherein a small number of dominant firms hold a significant proportion of the overall market share. A classic example of an oligopoly is the US auto industry. Companies like General Motors, Ford, and Chrysler have long controlled a majority of the market, shaping competition and influencing consumer choices.

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