Which statement is true?

A) Oligopoly does not exist in the U.S.
B) Most business firms in the U.S.are oligopolies.
C) Most large firms in the U.S.are oligopolies.
D) Oligopoly is virtually all cutthroat in the U.S.

Oligopoly

A market structure characterized by a small number of firms dominating the market, leading to limited competition.

Business Firms

Organizations involved in the production, distribution, or sale of goods and services for profit.

Large Firms

Companies that operate on a large scale, often having significant market power, extensive operations, and substantial revenues.