All of the following are characteristics of oligopoly EXCEPT
A. there is mutual interdependence between the firms.
B. there are high barriers to entry.
C. About 4 firms usually have 50% or more of the market share.
D. it is not possible to make profit in the long or short run.

Answers

Answer 1

All of the following are characteristics of oligopoly EXCEPT it is not possible to make profit in the long or short run.

What is oligopoly?

This is a market structure, where a very few large sellers dominate the industry in which emerging business cannot compete due to high costs of setting up.

Oligopoly occurs when most products or services are provided by only a few large companies or business.

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Related Questions

Which of the following is NOT one of the types of markets we discussed?
A. oxymoron
B. perfect competition
C. monopolistic
D. oligopoly

Answers

Answer: D. Oligopoly

Explanation: A perfect competition market describes an arrangement where there exists man buyers and sellers trading an identical goods for which neither the buyers nor the seller can exercise significant market  power. The buyers cannot influence the price and the sellers also cannot influence the price .

An individuals consistent pattern of thought and behaviour is known as an__

Answers

Answer:

Personality traits

Explanation:

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