Oligopoly can exist in industries with differentiated and undifferentiated products.

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Oligopoly can exist in both industries with differentiated products (such as automobiles or soft drinks) and undifferentiated products (such as steel or cement). Oligopoly refers to a market structure where a small number of firms dominate the market. This can occur in industries with both differentiated and undifferentiated products, as long as there are barriers to entry and the dominance is shared among a few key players. Examples of differentiated product oligopolies include the automobile industry, while undifferentiated product oligopolies include the oil industry.

Oligopoly Can Exist in Industries with Differentiated and Undifferentiated Products