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Maslowich
3 years ago
12

Why is competition limited in an oligopoly

Social Studies
2 answers:
dimulka [17.4K]3 years ago
5 0
The reason why it is so limited is because there is such a small amount of sellers and producers
Salsk061 [2.6K]3 years ago
5 0
<h2>High entry costs prevent new producers from entering the market.</h2><h3>Explanation:</h3>

An oligopoly is a kind of business wherein a surprisingly few numbers of producers produce nearly the whole supply of goods used by the people. Establishing up a brand and inciting enormous set-up expenses such as installing up production plants and mutable expenses like wages of workers related to different brands is very very hard as it requires billions of dollars.

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