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Question
The following table shows the total dollar amount of sales in 2012 for the four largest firms in the adhesive manufacturing industry. Total industry sales in 2012 were $782,000. Use this table to answer the following questions:
| Firm Name | Sales in 2012 |
| Glues R Us | $362,000 |
| Glue Down | 105,000 |
| Sticky | 85,000 |
| All Glues | 76,000 |
| All other firms in industry combined | 154,000 |
Which of the following industries is most likely an oligopoly?
a. wheat
b. construction
c. cell phone
d. computer repair
e. house painting
Answer
This answer is hidden. It contains 57 characters.
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