Oligopolistic industries are characterized by-A few dominant firms and substantial barriers to entry-A few large firms and no entry barriersA large number of small firms and no entry bathers-One dominant firm and low entry barriers-

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Oligopolistic...

Question

Oligopolistic industries are characterized by:

A few dominant firms and substantial barriers to entry.

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A few large firms and no entry barriers

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A large number of small firms and no entry bathers.

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One dominant firm and low entry barriers.

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Solution

The correct option is A A few dominant firms and substantial barriers to entry.
Oligopolistic industries have a few dominant firms and substantial barriers to entry; because there is may be some entry barriers.

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Oligopolistic industries are characterized by:

The correct option is A A few dominant firms and substantial barriers to entry.Oligopolistic industries have a few dominant firms and substantial barriers to entry; because there is may be some entry barriers.

The correct option is A A few dominant firms and substantial barriers to entry.
Oligopolistic industries have a few dominant firms and substantial barriers to entry; because there is may be some entry barriers.