Oligopolies are prevalent throughout the world and appear torapidly increasing. Unlike a monopoly, where one corporationdominates a certain market, an oligopoly consists of a select fewcompanies that have significant influence over an industry. Chooseone current example of an oligopoly in the market e.g., cabletelevision, cellular phone service, computer operating systems,airline industry, auto industry, pharmaceuticals, etc. Each studentmust choose a different example (first come, first served!). With aminimum of two detailed paragraphs; Explain how this oligopolyworks (companies involved, competition/cooperation) Explain theeffects on consumers, both positive and negative.
