answersLogoWhite

0


Best Answer

This is known as an oligopoly. They often work as a mechanism between companies to reduce competition and inflate prices for consumers.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

10y ago

An Oligopoly exists when a few firms dominate a particular industry. With so few in competition, those in this type of market often stay well aware of what the others are doing.

This answer is:
User Avatar

User Avatar

Wiki User

13y ago

free market competition

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is it called when a few large companies control an industry?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The control of a commodity or service by a small number of large powerful companies is called?

monopoly


What did socialists believe?

that society at large should control industry and wealth... novanet :)


What is the media industry is controlled by?

A few large companies..


What controls nearly all of the media industry?

A few large companies


What industry do a large number of companies in the NASDAQ belong to?

With a great proportion of its companies in the high-tech field


What is consolidated industry?

As an industry matures, fragmentation overcomes and industry tends to become a consolidated industry dominated by a few large companies. If a small number of firms controls a large share of the industry's output or sales, it is a consolidatedindustry.


What is event industry?

The event industry is an industry that plans large events for companies and corporations. It takes a person savvy in marketing and promotions to make it in this industry.


Did Socialists believe that society at large should control industry and wealth?

Yes


What types of companies is the crushed and broken granite industry composed of?

The industry is composed primarily of small independent operators, with a few large companies producing a significant percent of total granite output.


Which industry has a large presence in the Silicon Valley?

The technology industry has a large presence in Silicon Valley. It is known for being home to numerous tech companies, startups, and innovation hubs.


What best explains why the media industry is caracterized by an oligopolistic market structure?

Centralization of ownership has led to an industry controlled by a few large companies


What is a large amount of individual products called in the industry?

A large amount of individual products is often referred to as inventory or stock in the industry.