In an oligopoly,there are
A) many firms and barriers to entry.
B) many firms and no barriers to entry.
C) few firms and barriers to entry.
D) few firms and no barriers to entry.
E) barriers to entry and only one firm.

Question

Quizplus · Accepted Answer

In an oligopoly, there are few firms and barriers to entry. This means that the industry is dominated by a small number of large players who have significant control over the market. Barriers to entry can include things like patents, economies of scale, and high start-up costs, which make it difficult for new firms to enter and compete in the market.

In an Oligopoly,there Are