Answered: Why do oligopolies exist? Do…

Why do oligopolies exist? Do oligopolies exist due to ? a. market failure b. barriers to entry c. economic profit d. intense competition

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter15: Oligopoly And Strategic Behavior

Section: Chapter Questions

Problem 6P

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Question

Why do oligopolies exist?

Do oligopolies exist due to ?

a. market failure

b. barriers to entry

c. economic profit

d. intense competition

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