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.

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Definitions:

Delivery Expense

The cost incurred by a company to transport its goods to customers, including freight and shipping fees.

Merchandising Business

A type of business that purchases goods for resale to customers at a profit, primarily selling products rather than services.

Other Income

Revenue generated from non-primary business activities, such as interest, dividends, or the sale of assets.

Multiple-Step Income Statement

A detailed financial statement that separates operating revenues and expenses from non-operating ones, providing a thorough insight into company performance.