The distinguishing features of oligopoly are ________ and a ________ in the industry.
A) barriers to entry; large number of firms
B) no barriers to entry; few firms
C) barriers to entry; few firms
D) no barriers to entry; large number of firms
Question 2
In the above figure, the curve labeled a is the ________ curve and the curve labeled b is the ________ curve.
A) marginal cost; marginal benefit
B) marginal cost; trade line
C) marginal benefit; trade line
D) production possibilities frontier; trade line