Which helps enable an oligopoly to form within a market

Posted By Admin @ September 03, 2022

Question:

Which helps enable an oligopoly to form within a market?

Costs of starting a competing business are too high.
The government restricts market entry.
The number of options in a market confuses consumers.
No competition exists between producers.

Answer:

Costs of starting a competing business are too high

Oligopolies maintain their position of dominance in a market might because it is too costly or difficult for potential rivals to enter the market. These are obstacles that stop or prevent the entrance of a firm in a specific market



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