as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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which type of market structure is the us automobile industry?
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the us automobile industry is an oligopoly, meaning there are few firms producing the majority of the market's output. there are several large players that dominate the market, such as ford, general motors, and toyota.
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