It is most difficult for new firms to enter
A)A perfectly competitive market.
B)An oligopolistic market.
C)A monopolistically competitive market.
D)A perfectly contestable market.

Question

Quizplus · Accepted Answer

In an oligopolistic market, there are only a few dominant firms that control the majority of the market share. These firms often have significant barriers to entry, such as high start-up costs or regulatory barriers, making it difficult for new firms to enter the market and compete.

It Is Most Difficult for New Firms to Enter