Author Question: Which of the following factors can delay the entry of new competitive firms into the oligopoly ... (Read 63 times)

jman1234 · **on:** Jun 30, 2018

Which of the following factors can delay the entry of new competitive firms into the oligopoly market characterized by a dominant firm and some fringe firms?
a. Mergers and acquisitions
b. Price threat
c. Brandname and reputation of the dominant firm
d. Quality controls set by the government

Question 2

If a monopolist is producing at that output where price equals average variable cost in the short run, then it is earning a negative profit.
a. True
b. False
Indicate whether the statement is true or false