Author Question: In the long run, even if new fringe firms enter the oligopoly market, the dominant firm's profit ... (Read 46 times)

mckennatimberlake · **on:** Jun 30, 2018

In the long run, even if new fringe firms enter the oligopoly market, the dominant firm's profit will remain unaltered.
Indicate whether the statement is true or false

Question 2

Economies of scale, control over a scarce input, and patents are all examples of barriers to entry.
a. True
b. False
Indicate whether the statement is true or false