Oligopoly can arise from:
a. diseconomies of scale in production.
b. limited demand for a product in the market.
c. government regulations.
d. easy availability of the crucial inputs.
e. reduction of trade barriers.
c
Economics
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The price elasticity of demand coefficient for a good will be greater:
a. if close substitutes exist. b. if minor complements exist. c. in the short-run. d. if a small portion of the budget will be spent on it.
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As air is a _____, pollution tends to occur
a. common resource b. private good c. club good d. merit good
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