Which of the following is most likely to act as a barrier to entry in an oligopoly?

Name: Which of the following is most likely to act as a barrier to entry in an oligopoly?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A well-established brand name can act as a barrier to entry in an oligopoly as it makes it difficult for new firms to establish their own brand in the market, distinguishing themselves from the already established ones. This gives an advantage to the existing firms as they have already built a loyal customer base.

Which of the Following Is Most Likely to Act as a Barrier