The answer is option b- there are no barriers to entry
Oligopoly industry has significant barriers to entry.
Which of the following is NOT a characteristic of an oligopoly? O firms must consider the...
Which of the following is not an assumption of oligopoly? O a. Firms produce and sell either homogeneous or differentiated products. O b. There are significant barriers to entry. O c. There are few buyers. O d. There are few sellers.
QUESTION 1 Which of the following is always a characteristic of the oligopoly market structure? Many sellers, each small in size relative to the overall market. Few sellers. All sellers produce identical products. Easy, low-cost entry and exit. QUESTION 2 The industry that most closely approximates the conditions of the oligopoly model is: Restaurant. Retail clothing. Airlines in the U.S. The local cable company. QUESTION 3 In which of the following market structures must the price and output decisions of...
Which choice is not a characteristic of a competitive market? O firms sell similar products O firms have some degree of control over prices O little or no barriers to entry O a large number of firms offering similar products
Which is not a characteristic of a competitive market? a large number of firms offering similar products O Firms have some degree of control over prices. O no product differentiation between firms little or no barriers to entry Question 2 of 21 > Classify each market characteristic as being a trait of competitive markets, monopolistically competitive markets, or both market structures. Competitive Markets Monopolistically Competitive Markets Both Market Structures Answer Bank No one buyer or seller can control prices Few,...
Which of the following is not a characteristic of a monopolistically competitive market structure? A.) Each firm must react to actions of other firms. B.) There are low barriers to entry of new firms. C.) There is a large number of independently acting small sellers. D.) All sellers sell products that are differentiated.
Which of the following is not a characteristic of oligopoly? Group of answer choices a The actions of one seller will affect the actions of the others b There are a small number of sellers with large shares of the market c Each seller produces a different good d There are high barriers to entry
Which of the following is not a characteristic of oligopoly? Group of answer choices a There are a small number of sellers with large shares of the market b The actions of one seller will affect the actions of the others c Each seller produces identical goods d There are high barriers to entry
please i need answers to these questions thank you Which of the following is characteristic of a perfectly competitive market? Multiple Choice O Differentiated products. 0 O Price below marginal revenue 0 O Significant barriers to entry 0 ( A large number of firms. 0 Which of the following is not a characteristic of a perfectly competitive market? Multiple Choice High barriers to entry. о Zero economic profit in the long run. о Perfect information c ) Homogeneous products од...
Which of the following is a characteristic of a monopolistically competitive market? O only one seller of a good that has no close substitutes O firms are price setters O products are identical Othere are high barriers to entry
24) Which of the following is not a characteristic of a monopolistically competitive market? a) Long-run profits likely to be positive. b) Differentiated products. c) No barriers to entry. d) Many sellers.