A characteristic that distinguishes monopoly from oligopoly is
A) long-run economic profits.
B) barriers to market entry.
C) the lack of close substitutes.
D) many buyers and sellers.
Correct Answer:
Verified
Q9: Which market structure has many relatively small
Q10: Which market structures share the characteristic of
Q11: A small number of firms that exhibit
Q12: Which market structure has little to no
Q13: Which market structures definitely have barriers to
Q15: The main similarity between perfect competition and
Q16: Which is NOT a characteristic of a
Q17: _ is a market in which there
Q18: _ is a market in which there
Q19: _ is a market in which there
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents