Ask Question
BusinessBusiness
17 September, 05:09

Why does an oligopoly only work if there are high barriers to entry in a market?

+5
Answers (1)
  1. 17 September, 08:48
    0
    An oligopoly is the limitation of competition. If you can keep competitors out of the marketplace, you have more of a chance to make a profit. If you are in a business with a very high capital outlay or you have an extremely well trained labor force that your competitors can't match then you have effectively created or have created for you a very high barrier. Hence an oligopoly.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why does an oligopoly only work if there are high barriers to entry in a market? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Why do people buy insurance?
Answers (2)
Sugar Cookies will pay an annual dividend of $1.23 a share next year. The firm expects to increase this dividend by 8 percent per year the following four years and then decrease the dividend growth to 2 percent annually thereafter.
Answers (1)
Catherine, a resident of California, has been serving a federal government office for the last five years. Her superiors have always showered her with praises for her excellent work.
Answers (1)
Ben lost his job when his employer moved its plant. During 由eye矶he collected unemployment benefits for three months, a total of $1,800. While he was waiting to hear from prospective employers, he painted his hot1se.
Answers (1)
How does columbus describe the role and rights of women in native american cultures?
Answers (1)
New Questions in Business
How many formal and informal forecasting methods do you have at work or at home?
Answers (1)
A firm has sales of $1,210, net income of $225, net fixed assets of $542, and current assets of $298. The firm has $100 in inventory. What is the common-size balance sheet value of inventory
Answers (1)
Tim's credit card has an APR of 24 percent. What is the periodic rate for this credit card?
Answers (1)
Benito is age 29 and single. during all of 2016, he did not have qualifying health coverage nor was he eligible for an exemption. his household income was $47,650.
Answers (1)
If the marginal propensity to consume is 0.75, the multiplier for taxes and transfer payments is:1. 3 2. 4. 3. 0.25. 4. 0.75.
Answers (1)
Home » Business » Why does an oligopoly only work if there are high barriers to entry in a market?
Sign Up Forgot Password?