Even If Entry Is Easy,oligopolists Possess Sufficient Market Power So

question 58

True/False

Even if entry is easy,oligopolists possess sufficient market power so that profits are assured in the long run.

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Definitions:

Consolidated Balance

Refers to the presentation of assets, liabilities, and equity in a single balance sheet that combines the financials of a parent company with its subsidiaries.

Parent

In corporate finance, refers to a company that holds a controlling interest in one or more subsidiary companies.

Subsidiary

A corporation that is governed by another corporation, referred to as the parent company, by possessing over 50% of its voting shares.