Which of the following statement about oligopolies is true?
A) Market entry into an oligopoly is easy.
B) In an oligopoly, there are many firms selling identical products.
C) Capital requirements are minimal for entering an oligopolistic market.
D) In an oligopoly, three or four firms usually dominate the marketplace.
E) Antitrust cases are rare in oligopolies.
Correct Answer:
Verified
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