Author Question: In a typical oligopolistic market, there are (Read 127 times)

ahunt13 · **on:** Oct 12, 2022

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.

gcurrens · **Reply #1 on:** Oct 12, 2022

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