Answers FL-2102310-Economics Adult Credit Course SY2526 Unit Test — Unit testQuestion 18

18

QuizMultiple Choice

Unit Test — Unit test

Question 18 • FL-2102310-Economics Adult Credit Course SY2526

Why is competition limited in an oligopoly?

Answer

A

High entry costs prevent new producers from entering the market.

B

Producers completely refuse to engage in price wars.

C

No major distinctions exist between producers.

D

Producers actively segment the market to avoid competition.

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