The Most Frequently Found Barriers to Entry in Oligopoly Include

question 47

Multiple Choice

The most frequently found barriers to entry in oligopoly include

• A) the presence of large numbers of rival firms, firms that are price takers, and the likelihood of normal returns in the long run.
• B) an inability to differentiate product, diseconomies of scale, and the need to advertise.
• C) mutual interdependence, collusion, and the likelihood of government regulation.
• D) the ambiguity of product groups and rising long-run average costs.
• E) patents, large initial and continuing financial requirements, and access to basic inputs.

---

Definitions:

20th Century

refers to the period from 1901 to 2000, noted for significant social, political, and technological changes worldwide.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow outlining a hierarchy of human needs, from basic physiological needs to self-actualization.

Abraham Maslow

An American psychologist known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs.

Communication Process

The sequence of steps involved in the exchange of information, including the generation, sending, receiving, and interpreting of messages.