What are examples of oligopolistic competition?

Oligopolistic competition occurs in markets dominated by a small number of large firms, leading to interdependent pricing and output decisions. Examples include the automobile industry, where major players like Ford, General Motors, and Toyota compete, and the telecommunications sector, with companies such as AT&T, Verizon, and T-Mobile. Other examples include the airline industry, where a few carriers control a significant share of the market, and the soft drink market, primarily dominated by Coca-Cola and Pepsi. In these markets, firms often engage in strategic behavior, such as price collusion or non-price competition through advertising.