In an oligopolistic industry,which of the following is an example of a firm-created entry barrier?
A) LRAC curve negatively sloped over a large range of output
B) large set-up costs
C) brand proliferation
D) decreasing demand for the product
E) price competition
Correct Answer:
Verified
Q96: A duopoly is
A)an oligopoly with only two
Q97: Oligopolists make decisions after taking into account
Q98: The payoff matrix below shows the payoffs
Q99: Suppose two firms,Allstom from France,and Bombardier from
Q100: What is a Nash equilibrium?
A)an example of
Q102: The theory of oligopoly suggests that
A)entry into
Q103: Explicit collusion in an oligopolistic industry
A)occurs when
Q104: One reason an oligopolistic firm may have
Q105: Both empirical evidence and everyday observation suggest
Q106: "Brand proliferation" in an oligopolistic industry
A)allows easier
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