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 tends to make industries more competitive rather than oligopolistic. Companies in oligopolies often differentiate their products to avoid direct price competition.

Which of the Following Does NOT Help Explain Why Oligopolies