Suppose there is an oligopoly in the bottled cold coffee industry. Which of the following is probably the most significant barrier to entry?

a. The existing firms have expertise in using game theory strategies.
b. No patents have been granted to the existing firms in the industry.
c. The existing firms own most of the coffee bean plantations.
d. There are no tariffs imposed on coffee bean imports.

c. The existing firms own most of the coffee bean plantations

Economics

You might also like to view...

If a firm shuts down in the short run, will it have zero costs or not? Explain

What will be an ideal response?

Economics

Social Security is a mixture of distinct programs; each has a different source of funding

Indicate whether the statement is true or false

Economics