Question

Under Oligopoly

a. Entry and exit are free

b. Entry restricted

c. Entry is possible but difficult

d. Entry is simple but exit is difficult​

Answer 1

Explanation:

In an oligopoly market structure, a few large firms dominate the market, and each firm recognizes that every time it takes an action it will provoke a response among the other firms. These actions, in turn, will affect the original firm. Each firm, therefore, recognizes that it is interdependent with the other firms in the industry. This interdependence is unique to the oligopoly market structure; in perfect and monopolistic competition, we assume that each firm is small enough that the rest of the market will ignore its actions.

Answer 2

Answer:

under oligopolyentry and exit bariers