Asked by: Gislene Martil
asked in category: General Last Updated: 12th January, 2020

What market structure is the automobile industry?

Is the global Automobile Industry changing from an oligopoly to monopolistic competition? The current situation is the automobile industry is an oligopoly as there are few big firms and massive barriers to entry due to cost.

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Similarly, it is asked, is the automotive industry an oligopoly?

The US automobile industry is a good example of an oligopoly. It consists mainly of three major firms, General Motors (GM), Ford, and Chrysler. The influence of this oligopoly can be seen in the prices and the development and introduction of new car models into the American car market.

Likewise, is the automobile industry perfect competition? There are no barriers to entry into the industry. The perfectly competitive firms tend to produce and sell identical or undifferentiated goods and services to the consumers. There are many examples of firms in perfect competition industry. One of them is the automobile industry.

Likewise, what type of market structure is Ford Motor Company?

oligopoly market structure

What is the market structure prevalent in the Indian automobile industry?

3.2 Three Wheelers: India has produced around 8.4 lakh three wheeler vehicles in FY 12-13. Bajaj Auto, Piaggio, TVS, Mahindra & Mahindra and Atul Auto companies stands in top 5 In terms of market share, followed by Scooters India, Force.

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