Even if entry is easy,oligopolists possess sufficient market power so that profits are assured in the long run.

Name: Even if entry is easy,oligopolists possess sufficient market power so that profits are assured in the long run.
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Question

Quizplus · Accepted Answer

Even if entry is easy, it does not guarantee profits to oligopolists in the long run. The presence of competitors and the possibility of aggressive pricing strategies can make it difficult for oligopolists to maintain their market power and profitability.

Even If Entry Is Easy,oligopolists Possess Sufficient Market Power So