What is an example of a monopoly and oligopoly?

The closest example of a monopoly in the U.S. is the power that runs to people's homes. Most households have a single provider for their electricity service, whether it's government-run or run by a corporation. By contrast, an oligopoly has at least three companies present in the market.



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Automobile manufacturing is an example of an oligopoly, with the leading auto manufacturers in the United States being Ford (F), GM, and Stellantis (the new iteration of Chrysler through mergers).

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Other industries with an oligopoly structure are airlines and pharmaceuticals. Some of the most notable oligopolies in the U.S. are in film and television production, recorded music, wireless carriers, and airlines. Since the 1980s, it has become more common for industries to be dominated by two or three firms.

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By inventing the market for public cloud services, AWS enjoyed a significant first-mover advantage over competitors that ceded Amazon years to develop services, build infrastructure and woo customers. But Amazon is only part of an emerging oligopoly where customers will have real choice.

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A monopoly by definition, is the exclusive possession or control of the supply of a service. According to the letter of the law, Disney is an oligopoly, a state of limited competition in which a market is shared by a small number of producers or sellers.

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