In an Oligopolistic Market,high Start-Up Costs Form Significant Barriers to Entry

question 161

True/False

In an oligopolistic market,high start-up costs form significant barriers to entry for new competitors.

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Definitions:

Discouraged Workers

Individuals who are not actively seeking employment due to believing there are no jobs available for them.

Marginally Attached Workers

Individuals not in the labor force who want and are available to work but have not searched for a job in the past 4 weeks, hence are not counted as unemployed in labor force statistics.

Economic Reasons

Factors or motivations grounded in economics that explain certain behaviors, decisions, or trends.