A Company That Controls an Entire Industry
In their pinnacle the companys market share of rough diamonds was 90 in the 1980s and now although their share has lowered due to independent competition they still have à powerful. An oligopoly is when a small number of firms as opposed to just one dominate an entire industry. Pin On Automation For Steel Industry When only one company controls an entire industryor even a sizeable percentage of that industrythe company is said to have a monopoly. . Only 10 companies control almost every large food and beverage brand in the world. The situation in which a single company controls an entire industry. The storys often the same for more specialized retail. Austin - 512 480. A business that controls an entire industry is known as a monopoly. A person who is learning a trade or craft from a master an who works without pay except room and board. Houston - 713 667-9147. A company that controls an entire industry is...