The distinguishing features of oligopoly are ________ and a ________ in the industry
A) barriers to entry; large number of firms
B) no barriers to entry; few firms
C) barriers to entry; few firms
D) no barriers to entry; large number of firms
C
Economics
You might also like to view...
Refer to Table 9-12. Which country has a comparative advantage in producing swords?
A) Estonia B) Morocco C) both countries D) neither country
Economics
The net change in quantity demanded of a good following a price change
a. is equivalent to the substitution effect b. is equivalent to the income effect c. must decrease as marginal utility rises d. is negative only when the income effect is negative e. reflects both the substitution and income effects
Economics