Question 18In an oligopoly market, long-term profitsare always zerocan remain positive due to multiple types of barriers to entryare always negative due to negative externalitiescan only exist if there are more than 10 companies

Oligopoly market has few firms selling the identical or differentiated products. There is high…

Answered: In an oligopoly market, long-term…

In an oligopoly market, long-term profits are always zero can remain positive due to multiple types of barriers to entry

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Oligopoly

Section: Chapter Questions

Problem 4CQQ

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