2 years ago

All of the following are characteristics of oligopoly EXCEPT

1 answer:

7 0

All of the following are characteristics of oligopoly EXCEPT it is not possible to make profit in the long or short run.

<h3>What is oligopoly?</h3>

This is a market structure, where a very few large sellers dominate the industry in which emerging business cannot compete due to high costs of setting up.

Oligopoly occurs when most products or services are provided by only a few large companies or business.

Learn more about oligopoly here: brainly.com/question/13635083

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