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'''EXAMPLE #1 – The Aircraft Industry. The aircraft industry is an oligopoly because the service is identical (you fly from point A to point B), and there are not very many competitors in the industry. Finally, these few competitors dominate the industry without fixing prices or outputs because the cost to entry is so great.'''
'''EXAMPLE #1 – The Aircraft Industry. The aircraft industry is an oligopoly because the service is identical (you fly from point A to point B), and there are not very many competitors in the industry. Finally, these few competitors dominate the industry without fixing prices or outputs because the cost to entry is so great.'''
'''EXAMPLE #2 – The Computer Processor Industry. The computer processor industry is an oligopoly because although there are slight performance differences, the goods do virtually the same thing (process data), and there are only two main competitors (AMD and Intel). They dominate the industry without fixing prices or outputs.'''
'''EXAMPLE #2 – The Computer Processor Industry. The computer processor industry is an oligopoly because although there are slight performance differences, the goods do virtually the same thing (process data), and there are only two main competitors ([[AMD]] and [[Intel]]). They dominate the industry without fixing prices or outputs.'''
'''EXAMPLE #3 – The Cigarette Industry. The cigarette industry is an oligopoly because all of their products are the same. There are less than two dozen competitors who dominate the industry, but those competitors do not fix prices or outputs.''' (thanks to Kevin)
'''EXAMPLE #3 – The Cigarette Industry. The cigarette industry is an oligopoly because all of their products are the same. There are less than two dozen competitors who dominate the industry, but those competitors do not fix prices or outputs.''' (thanks to Kevin)