Boeing, Northrup Grumman, and Lockheed Martin control the vast majority of the U.S. defense contractor industry. In terms of the form of competition, this industry is an example of a(n) __________.

Boeing, Northrup Grumman, and Lockheed Martin control the vast majority of the U.S. defense contractor industry. In terms of the form of competition, this industry is an example of a(n) __________.



a.

oligopoly

b.

trilateral monopoly

c.

monopoly

d.

pure competition

e.

monopolistic competition



Answer: oligopoly


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