For an Oligopoly to exist in the long run, Entry into the industry must be difficult Exit from the industry must be difficult The product must be differentiated The product must be homogenous Question 2 Not yet answered Marked out of 1.00 Flag question Oligopoly behaviour can be described by one model. Select one: True False Question 3 Not yet answered Marked out of 1.00 Flag question In Game Theory, if one player has a dominant strategy, the other players in the game should will receive a lower payoff from the game than the player with the dominant strategy None of these answers are correct should refuse to participate in the game should use their best strategy assuming that the dominant strategy will be employed