![monopoly examples monopoly examples](https://i.ytimg.com/vi/tZkYcQRDiSs/maxresdefault.jpg)
![monopoly examples monopoly examples](https://boycewire.com/wp-content/uploads/2020/04/Monopolistic-Competition-Definition-e1586689891565.png)
tobacco industry - The global tobacco industry is heavily dominated by only a few corporations.īusinesses that are part of an oligopoly share some common characteristics:.steel production - The steel industry is dominated by only a few major producers, all of which produce products that are identical or virtually identical.social media - The major social media outlets (Facebook, Twitter and Instagram) function as an oligopoly.These same companies dominate search-based internet advertising. search engines - Only a few major companies (Google and Bing) dominate the market for search engines.oil and gas industry - The oil and gas industry is dominated worldwide by a few large companies, often collectively referred to as " big oil.".They are Universal Music Group, Sony Music Entertainment, Warner Music Group, and EMI Group. music industry - Four music companies control virtually all of the market.are owned by one of six corporations (NBC Universal, News Corporation, Time Warner, ViacomCBS, and Walt Disney). media outlets - The vast majority of broadcast and cable media outlets in the U.S.commercial air travel - In the United States, four companies (Delta, United, American, and Southwest) dominate the commercial air travel industry.Until 2020, T-Mobile would have been listed as a fourth competitor, but they merged with Sprint. cell phone providers - Three companies (Verizon, Sprint and AT&T) dominate virtually all of the U.S.breakfast cereal manufacturers - Almost all commercially available breakfast cereal is manufactured by Kellogg, General Mills, Post and Quaker.book publishing - The book publishing industry is dominated by " the big five," which are Penguin Random House, Hachette Livre, HarperCollins, Macmillan, and Simon & Schuster.Department of Justice required them to sell MillerCoors (now Molson Coors) and a smaller producer in order to prevent a monopoly. In 2016, when Anheuser Busch purchased the parent company of all of Miller brands, the U.S. beer industry - Anheuser-Busch and MolsonCoors dominate the U.S.automobile manufacturers- The worldwide automobile manufacturing industry is dominated by just 14 corporations.aluminum production - In the U.S., the top two steel producers (Arconic and Alcoa) have annual revenue in excess of ten billion dollars each.Since it is the middle ground, oligopoly examples are abundant in the economy.