Which of the following factors can delay the entry of new competitive firms into the oligopoly market characterized by a dominant firm and some fringe firms?
A)Mergers and acquisitions
B)Price threat
C)Brandname and reputation of the dominant firm
D)Quality controls set by the government

Question

Quizplus · Accepted Answer

The brand name and reputation of the dominant firm can create a significant barrier to entry for new firms, as it can lead to customer loyalty and perceived value that new entrants may find difficult to overcome.

Which of the Following Factors Can Delay the Entry of New