An ineffective means of discouraging the entry of new firms by existing firms in an oligopolistic industry is
A) seeking greater patent protection.
B) producing a wide range of brands of their products.
C) carrying out industrial sabotage.
D) spending heavily on advertising.
E) raising their prices.
Correct Answer:
Verified
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Q36: "Brand proliferation" is an example of
A)collusive behaviour.
B)predatory
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Q39: One characteristic of oligopolistic markets is
A)a large
Q40: One reason an oligopolistic firm may have
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