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Author Question: In a typical oligopolistic market, there are (Read 155 times)

ahunt13

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Question 1

In an oligopolistic industry, which of the following is an example of a firm-created entry barrier?
◦ decreasing demand for the product
◦ LRAC curve negatively sloped over a large range of output
◦ large set-up costs
◦ price competition
◦ brand proliferation

Question 2

In a typical oligopolistic market, there are
◦ substantial barriers to entry and firms interact strategically with each other.
◦ no barriers to entry and firms sell homogeneous products.
◦ substantial entry barriers, and firms are too large to strategically interact with each other.
◦ no barriers to entry, but firms sell differentiated products.
◦ no barriers to entry and firms interact strategically with each other.


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Marked as best answer by ahunt13 on Oct 12, 2022

gcurrens

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ahunt13

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review


dreamfighter72

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Reply 3 on: Yesterday
Excellent

 

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