Which of the following is a defining characteristic of oligopoly?
A) barriers to entry
B) selling a homogeneous good
C) selling a differentiated good
D) collusion

Name: Which of the following is a defining characteristic of oligopoly? A) barriers to entry B) selling a homogeneous good C) selling a differentiated good D) collusion
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Question

Quizplus · Accepted Answer

Barriers to entry are a defining characteristic of oligopoly because they prevent new firms from entering the market and competing with the existing firms.

Which of the Following Is a Defining Characteristic of Oligopoly