Which of the following is a distinguishing characteristic of oligopoly? question 1 options:
a) firms are free to enter and exit the industry.
b) natural barriers cannot prevent the entry of new firms.
c) each firm's actions influence the profits of all the other firms.
d) a large number of firms compete.
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Ответ:
B. Natural barriers cannot prevent the entry of new firms.
Explanation:
Natural barriers cannot prevent the entry of new firms as firms should be free to enter and exit the industry. Every firm's actions or dealings influence the profits of all the other firms.
Ответ:
Evidence to puncture the Big Bang Theory