Which of the following does NOT help explain why oligopolies exist?
A) Economies of scale
B) Mergers
C) Product homogeneity
D) Barriers to entry

Name: Which of the following does NOT help explain why oligopolies exist? A) Economies of scale B) Mergers C) Product homogeneity D) Barriers to entry
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Question

Quizplus · Accepted Answer

Product homogeneity actually helps explain why oligopolies cannot exist as firms would have to differentiate their products and compete on more than just price, leading to a more competitive market.

Which of the Following Does NOT Help Explain Why Oligopolies