Industries that are oligopolistic in nature are a very important part of the Canadian economy, accounting by some estimates for as much as half the economy’s output. Oligopoly is particularly common in the manufacturing sector of the economy. An indication of its importance can be obtained by listing some of the industries that can be classed oligopolistic: steel, automobile manufacturing, heavy machinery, farm implements, pulp and paper, tobacco, beer, liquor, soft drinks, electrical apparatus, aircraft, transportation equipment, explosives and ammunition, sugar, petroleum refining, cement, meat packing and soap. As these examples show, a substantial proportion of the goods produced and consumed in the Canadian economy comes from oligopolistic industries.
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