tayso393ovwy8a
tayso393ovwy8a tayso393ovwy8a
  • 13-03-2018
  • Business
contestada

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

Respuesta :

jcherry99
jcherry99 jcherry99
  • 13-03-2018
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.
Answer Link

Otras preguntas

the impact of spanish colonialism in latin america evident in
Select the polynomial that can be factored as 2(7x - 4)(7x + 4). A. 28x^2 - 32 B. 49x^2 - 16 C. 98x^2 - 46x + 32 D. 98x^2 - 32
Solve for x: 3 over 3 x plus 1 over quantity x plus 4 equals 10 over 7x .
whats the answer to the ones that aren't answered
Compare the policies pursued by Japanese Liberals to those followed by Japanese conservatives during the 1920s and 1930s?
55 decreased by twice a number
How many triangles can be constructed with angles measuring 50º, 90º, and 40º?
Each of four friends orders a sweatshirt from a catalog. There are 15 colors of sweatshirts, 5 of which are all cotton and 10 of which are a blend. Each one ord
What was the star wars project during the cold war??
Who was the italian poet who perfected the sonnet? philip sydney john donne thomas wyatt francesco petrarch