Answered: Why do oligopolies exist? Do…

Why do oligopolies exist? Do oligopolies exist due to ? a. market failure b. barriers to entry c. economic profit d. intense competition

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter9: Competition And Monopolies

Section: Chapter Questions

Problem 16AA

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Question

Why do oligopolies exist?

Do oligopolies exist due to ?

a. market failure

b. barriers to entry

c. economic profit

d. intense competition

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