Which helps enable an oligopoly to form within a market?

(i) Government regulations

(ii) Economies of scale

(iii) A large number of producers in the market which causes the consumers to concentrate on a few firms

(iv) Lack of competition between the producers

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Reid WolffLv2

12 Jan 2019

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Which helps enable an oligopoly to form within a market?

A) Costs of starting a competing business are too high.
B) The government restricts market entry.
C) The number of options in market confuses consumers.
D) No competition exists between producers.

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Describe how economies of scale can determine market structure. That is, if the minimum efficient scale is very high, would you expect that market to be closer to oligopoly (few large firms) or perfect competition (many small firms)? If the economies of scale persist over the entire range of output for which there is demand, what type of market would we expect to see emerge (can you give an example of an industry that resembles this market structure)?