Statement I.The automobile industry is an oligopoly.
Statement II.The cigarette industry is an oligopoly.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

Automobile Industry

The automobile industry encompasses a wide range of companies and organizations involved in the design, manufacturing, and marketing of motor vehicles, including cars, trucks, and motorcycles.

Cigarette Industry

Refers to the global sector involved in the manufacturing, marketing, and sale of cigarettes and related products.