In the long run, even if new fringe firms enter the oligopoly ...

[mckennatimberlake]

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

[meltdown117]

Answer to Question 1

F

Answer to Question 2

True

[mckennatimberlake]

TYSM

[Mochi]

Thanks for the timely response, appreciate it