Question

Which market structure would a company with high start-up costs and ongoing expensive advertising and promotional campaigns most likely belong to? oligopoly perfect competition monopolistic competition monopoly?

Answer 1

The answer would be a monopoly 

Answer 2

Answer:

oligopoly

Explanation:

An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.

For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.