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The smartphone industry has undergone significant consolidation over the past decade. It was an industry with dozens of small players, but now the top-5 companies

The smartphone industry has undergone significant consolidation over the past decade. It was an industry with dozens of small players, but now the top-5 companies comprise 70% of the total sales. What do we call this industry structure? Group of answer choices Perfect competition Oligopoly Monopolistic competition Monopoly

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