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erica [24]
3 years ago
13

Why does an oligopoly only work if there are high barriers to entry in a market?

Business
1 answer:
erastovalidia [21]3 years ago
4 0
An oligopoly is the limitation of competition. If you can keep competitors out of the marketplace, you have more of a chance to make a profit. If you are in a business with a very high capital outlay or you have an extremely well trained labor force that your competitors can't match then you have effectively created or have created for you a very high barrier. Hence an oligopoly.
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Hi there
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stira [4]

Answer:

The answer is ($183,000)

Explanation:

This section deals with cash flows used to fund(e.g borrowing and repayment of loans) the business

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3 years ago
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stich3 [128]

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6 0
2 years ago
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