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natka813 [3]
3 years ago
9

Which benefit is shared by both Monopolies and Oligopolies?

Business
1 answer:
fomenos3 years ago
5 0

Answer:

C. They have Access to enough capital to operate in high-cost industries.

Explanation:

Both monopolies and oligopolies have some common traits, and one of the most important ones is that they all have a large market power. Their power comes from high entry barriers to the industries in which operate in. Generally these industries are high-cost industries, e.g. it costs billions to build the electric grid of a large city. These high entry barriers decrease or virtually eliminate the possibility of competition.

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