The distinguishing features of oligopoly are _______ and _______ in the industry.
A) no barriers to entry; a large number of firms
B) no barriers to entry; few firms
C) barriers to entry; a large number of firms
D) barriers to entry; few firms

Question

Quizplus · Accepted Answer

The distinguishing features of oligopoly are barriers to entry and few firms in the industry. This market structure is characterized by a small number of large firms that dominate the market, making it difficult for new competitors to enter.

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

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