why is the number of firms small in oligoply
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The number of firms is small in oligopoly there is more competition which makes it very difficult for any new firm to enter the industry. Moreover as the existing firms are the only giants in the market, new entry into the market is associated with high costs, which further narrows the scope for a new entrant.
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ans. the number of firms is small in Oligopolythere is more competition which makes it very difficult for any new firm to enter
industry..
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