The distinguishing features of oligopoly are ________ and ________ in the industry.
A)no barriers to entry;a small number of firms
B)barriers to entry;a large number of firms
C)no barriers to entry;a large number of firms
D)barriers to entry;one firm
E)barriers to entry;a small number of firms

Question

Quizplus · Accepted Answer

Oligopoly is characterized by a small number of firms dominating the industry, which leads to barriers to entry for new firms.

The Distinguishing Features of Oligopoly Are ________ and ________ in the Industry

The Distinguishing Features of Oligopoly Are and in the Industry