An oligopoly could occur for the following reasons:

Name: An oligopoly could occur for the following reasons:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An oligopoly can occur for various reasons including advertising campaigns which create brand loyalty and inhibit new competitors from entering the market, economics of scale in production which create cost advantages for larger firms, and government barriers to entry which restrict competition. Therefore, all of the choices - A, B, and C - are valid reasons for an oligopoly to occur.

An Oligopoly Could Occur for the Following Reasons