Oligopolistic industries are characterized by many competitors and few barriers to entry.

Name: Oligopolistic industries are characterized by many competitors and few barriers to entry.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Oligopolies are usually large, mature companies, and are characterized by few competitors and high barriers to entry because of the strong competition, the possibility of price wars, and battles over market share and international competition.

Oligopolistic Industries Are Characterized by Many Competitors and Few Barriers