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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Nestor RutherfordLv2

18 Mar 2020

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Related questions

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

A major difference between monopolistic competition and perfect competition is:

a. there are barriers to entry in monopolistic competition. There are no barriers to entry in perfectly competitive markets.

b. monopolistically competitive firms sell differentiated products. Perfectly competitive firms sell identical products.

c. government regulation restricts the ability of monopolistically competitive firms to change their prices. Perfectly competitive firms face no price regulation.

d. the market demand curve in a monopolistically competitive market slopes downward. The market demand curve in a perfectly competitive market is horizontal

bronzecattle701

there are three imperfectly competitive market structures under which, the vast majority of business operations fall. The market structures are monopolistic competition, oligopoly, and pure monopoly.describe each structure in terms of the types of products or services produced, number of firms competing in each structure (few or many), barriers to entry into the structure (high, moderate, or low), and how much control do firms in each structure have over price. Offer examples of companies classified in each.