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16 November, 01:44

Name three barriers to entry in a market that can lead to the formation of an oligopoly.

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  1. 16 November, 02:03
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    The three major barriers that can lead to oligopoly are: 1) Many small business owners want to put up small business with same products at the same market. 2) The prices are not competitive enough with regards to its product so the business owners can put its business in a not so competitive market and 3) The market itself has the same product that can lead to a competition if it has big competitors with the same products.
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