Fifty years ago there were primarily only 3 major companies


Fifty years ago, there were primarily only 3 major companies in the US supplying automobiles. Today, with the expansion of global markets there are many companies selling autos in the US market. About how many companies sell autos in the US market? What market structure do you believe this most closely matches? Explain your answer.

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Business Economics: Fifty years ago there were primarily only 3 major companies
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