Stumped by the Oligopoly Puzzle? Discover the Answer!

As a detective solving the mystery of the crossword clue ‘Noted example of oligopoly, in brief‘, my thought process began by focusing on the keywords in the clue. The term “oligopoly” refers to a market structure where a few companies dominate the industry, and the word “noted” suggests that these companies are well-known or recognized. This led me to contemplate industries where a few major players have considerable control and influence.

My attention immediately turned to the oil industry, which is notorious for being dominated by a handful of powerful organizations. The Organization of the Petroleum Exporting Countries, commonly known as OPEC, stood out as the perfect fit for the crossword clue. OPEC consists of 13 of the world’s leading oil-producing nations with a significant share of global oil reserves and production. Their combined market influence allows them to coordinate their production levels, influencing oil prices and shaping the industry as a whole.

Analyzing the clue further, the inclusion of “in brief” indicated that the crossword solution would be a shorter term or acronym. OPEC, fittingly, is an acronym that stands for the Organization of the Petroleum Exporting Countries. Its brevity aligns perfectly with the clue’s requirements, solidifying my confidence in the answer.

By piecing together the keywords, my knowledge of market structures, and the hint provided by “in brief,” I successfully deduced that the answer to the crossword clue ‘Noted example of oligopoly, in brief‘ was OPEC.