Oligopolies Exist and Do Not Attract New Rivals Because

question 92

Multiple Choice

Oligopolies exist and do not attract new rivals because

• A)of competition.
• B)of barriers to entry.
• C)the firms keep profits and prices so low that no rivals are attracted.
• D)there can be no product differentiation.

---

Definitions:

Isolation

A state of being separated from others, which can be either physical separation or feeling of being disconnected from others.

Independence

Independence signifies the state or quality of being self-reliant and not subject to outside control, often used in the context of countries, organizations, or individuals.

Connected Car

A car that is equipped with internet connectivity, allowing it to access, send, and receive data, enhancing the driving experience with features like navigation and diagnostics.

GB (Gigabytes)

A unit of digital information storage that equals approximately 1 billion bytes or 1,024 megabytes, commonly used to quantify file sizes or storage capacity.