Question
What are some of the barriers to entry that can keep the number of sellers small in an Oligopoly? Explain what these barriers to entry
What are some of the barriers to entry that can keep the number of sellers small in an Oligopoly? Explain what these barriers to entry can mean for the long run profits in oligopoly. Give a few examples of businesses that you think are oligopolists and what the barriers to entry are in those markets.
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
