Oligopolies can arise as a result of both natural barriers and governmentally created barriers.

Name: Oligopolies can arise as a result of both natural barriers and governmentally created barriers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Oligopolies can arise due to natural barriers, such as economies of scale or a small number of firms controlling key resources or technologies. Additionally, governmentally created barriers such as licensing requirements, patents, or high regulatory costs can also contribute to the formation of oligopolies.

Oligopolies Can Arise as a Result of Both Natural Barriers