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Grade: 8

                        

Oligopolistic industries are characterized by ___________. A a few dominant firms and substantial barriers to entry B a few large firms and no entry barriers C a large number of amall firms and no entry barriers D one dominant firm and low entry barriers

2 months ago

Answers : (1)

Omveer Singh
askIITians Faculty
52 Points
							

Oligopoly is a situation where few firms dominate the market and they are very highly concentrated. There is also restrictions on entry and exit of firms. Hence, oligopolistic industries are characterized by a few dominant firms and substantial barriers to entry.

one month ago
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