Which of the following is the best example of an oligopolistic industry?

A) convenience stores
B) book publishing
C) public utilities
D) smartphone manufacturing

Oligopolistic Industry

An Oligopolistic Industry is a market structure characterized by a small number of firms that dominate the market, leading to limited competition.

Smartphone Manufacturing

The industrial process of designing, producing, and assembling components to create smartphones.

Public Utilities

Organizations that provide essential services to the public, such as water, electricity, natural gas, and telecommunications.