Which of the following is a reason for the occurrence of an oligopoly?
A) advertising campaigns
B) economics of scale in production
C) government barriers to entry
D) all of the above

Question

Quizplus · Accepted Answer

An oligopoly can occur due to a variety of reasons such as significant advertising campaigns, economies of scale in production that make it difficult for new firms to enter the market, and government barriers to entry that limit competition. Therefore, all of the given options (A, B, and C) can be reasons for the occurrence of an oligopoly.

Which of the Following Is a Reason for the Occurrence