The most important source of oligopoly in an industry is:
A) economies of scale.
B) government regulation.
C) technological inferiority.
D) ownership of plentiful resources.

Question

Quizplus · Accepted Answer

Economies of scale are a significant source of oligopoly because they allow a few large firms to dominate the market by producing at lower costs, making it difficult for smaller firms to compete.

The Most Important Source of Oligopoly in an Industry Is