The automobile industry is an oligopoly as the market is dominated by a small number of automotive companies. Let’s learn more about the structure of the motor vehicle industry.
![automobile body frames in garage](https://www.imastlouis.org/wp-content/uploads/2022/02/Why-Is-the-Automobile-Industry-Considered-an-Oligopoly.png)
The automobile industry is an oligopoly as the market is dominated by a small number of automotive companies. Let’s learn more about the structure of the motor vehicle industry.