Multiple Choice
In the long run,an oligopolist is most likely to
A) Experience economic profits because of barriers to entry.
B) Experience zero economic profits because barriers to entry do not exist in the long run.
C) Produce at the most technically efficient output level due to long-run competition.
Correct Answer:
Verified
Related Questions
Q72: Oligopolistic behavior includes
A)Tacit collusion.
B)High concentration ratios.
C)High barriers
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