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Social Studies, 02.02.2020 19:47 Cecely2783

Which situation could be the best example of an oligopoly?
1) a new producer of power tools has entered the market and is relying on low prices to attract consumers.
2) a new producer of computers has entered the market and found that advertising is more useful than lowering prices.
3) a new producer of running shoes is trying to enter the market but cannot because of an existing patent.
4) a new producer of tires has entered the market and found that demand is already being met.

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Which situation could be the best example of an oligopoly?
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