All of the following are possible characteristics of oligopoly except
A)free entry into the industry.
B)significant economies of scale.
C)interdependence among sellers.
D)homogeneous product.

Question

Quizplus · Accepted Answer

Oligopoly typically has significant barriers to entry, which can lead to only a few firms dominating the market. Therefore, free entry into the industry is not a common characteristic of oligopoly.

All of the Following Are Possible Characteristics of Oligopoly Except