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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