Question

What effect might the government have on​ oligopolies? In​ oligopolies, the government might A. promote competition with a patent comma which grants exclusive rights to product a good. B. impose barriers to entry with a tariff to limit foreign competition. C. impose barriers to entry with a​ copyright, which allows only the government to supply a good or service. D. impose barriers to entry with a​ free-trade agreement with another country to promote competition. E. promote competition by allowing large firms to lobby state legislators and members of Congress for favorable laws.

Answer 1

Answer:

C. impose barriers to entry with a​ copyright, which allows only the government to supply a good or service.

Explanation:

• The oligopolies is a market or industry where there exist small but large sellers and hence form an market competition and hence lead to higher prices to the consumers. As they have their market structures. Entry barriers include high investment and strong consumer liabilities.'

• Thus governments can set barriers to entry of these firm as to market only those goods and services that the government recommend fit for the sales