Which of these is a characteristic shared by both oligopolies and monopolies?a. Normal profits in the long runb. Significant bar

Question

krok68 [10]

3 years ago

10

Which of these is a characteristic shared by both oligopolies and monopolies?a. Normal profits in the long runb. Significant bar

riers to entry into the marketc. Mutual interdependenced. A few dominant firms in the industry

Business

1 answer:

sveta [45] · Answer 1 · 2022-05-27T10:46:16+03:00

Answer:

The characteristics which is shared among both monopolies and oligopolies is that they have significant barriers to the entry into the market.

Explanation:

Oligopoly market is the market structure which have a small number of firms, and could not have significant influence. The market have the barriers for entering into the market.

Monopoly market is the one which have a market structure having a single seller, selling the unique product, faces no competition and no substitute available with customers. In this market, there is also barriers for entering into the market.