Oligopoly Market – Real Examples in the USA & Canada
Few firms have the entire market control in an oligopoly market. These few firms can decide the entire prices and supply of the market on a collaborative basis. But they can’t influence the market on their own.
An oligopoly market is where firms have the collective power to dictate price, supply, and demand, despite the individual market share each firm holds.
Following are the Real Examples of Oligopoly Market in the USA & Canada,
Real Examples of Oligopoly Market in the USA & Canada
1. Internet Browser Market Share in America & Canada
The internet web browser market in the USA and Canada was dominated by a few players,
- Google (Around 50%)
- Apple
- Microsoft
- Firefox
- Samsung
You may refer to the below statistics provided by StatCounter.com for more information.
2. Smartphone Operating System Market in America
The mobile operating system market in the U.S. and worldwide is dominated by two big tech giants: Google and Apple. These two players are foreseen to dominate the industry in a forecast period of years due to the heavy investment allocated in research & development.
You may refer to the below articles for more information.
- Android: Market Share & Other Stats for 2022 [Infographic] – By Techjury.net
- Mobile operating systems’ market share – By Statista.com
3. Global Music Industry
The global music industry was dominated by few major record labels,
- Sony Music
- Universal Music Publishing
- EMI Music Publishing
- Warner Music Group
- Island Records
- ABC Paramount Records
In 2012, EMI was purchased by Universal Music. Industry expert groups tried many ways to stop this deal by informing that it will disrupt pricing and raise costs for consumers, with the oligopoly market created.
You may refer to the below articles for more information.
4. Banking Industry in Canada
The banking industry in Canada is dominated by five big banks,
- Royal Bank of Canada
- Bank of Montreal
- Bank of Nova Scotia
- Canadian Imperial Bank of Commerce
- Toronto-Dominion Bank
These big five banks are foreseen to dominate the industry in a forecast period of years.
You may refer to the below article published by investopedia.com for more information.
5. Social Media Market Share in the United States & Canada
Social media was started to bloom around 2008 with the expansion of the internet in America, Canada, and worldwide. The market share of social media owned by few corporations in the USA,
- Meta Platforms (Facebook, Instagram)
- Google (Youtube)
- Tumblr
You may refer to the below statistics provided by StatCounter.com for more information.
6. Mobile Network Operator Market in the USA
There are only a few companies established in the mobile network operating market in the USA.
- AT&T
- Sprint
- T-Mobile
- Verizon
- U.S. Cellular
- Cellcom
The country’s biggest cellphone providers T-Mobile and Sprint merged in 2018. Industry analysts aren’t optimistic about the promised lower prices, due to the oligopoly created with this merger. Please refer to the below article for more information on this merger,
You may refer to the below article published by abcnews.go.com for more information.
7. Mass Media Industry in the USA
In the first two decades of the 21st century, the mass media industry in America was an example of an oligopoly, with the ownership of the majority share of the industry owned by just a few corporations,
- CBS
- Time Warner
- General Electric (GE)
- News Corporation
- Walt Disney
- Viacom
You may refer to the below article published by BusinessInsider.com for more information,
8. Computer Operating Systems in the USA
The computer operating system market in the USA and world was dominated by four players,
- Microsoft (owner more than 50% of market share)
- Apple
- Linux
Four players dominate the entire market share of computer operating systems.
You may refer to the below article published by StatCounter.com for more information,
Read More:
Market Structures
Oligopoly Market
- Definition, Types, and Characteristics of Oligopoly Market
- Seven Important Characteristics of Oligopoly Market
- Advantages and Disadvantages of Oligopoly Market
Monopoly Market
- Definition, Examples, and Characteristics of Monopoly Market
- Real Examples of Monopoly Market (in the USA, Canada, Australia, World)
- Important Characteristics / Causes of Monopoly Market
- Advantages and Disadvantages of Monopoly Market
Monopolistic Competition
- Overview, Definition, & Features of Monopolistic Competition
- Main Characteristics / Causes of Monopolistic Competition
- Real Examples of Monopolistic Competition (in USA, Canada, World)
- Advantages and Disadvantages of Monopolistic Competition
Perfect Competition
