Oligopolistic industries are characterized by—
A. A few dominant firms and substantial barriers to entry.
B. A few large firms and no entry barriers.
C. A large number of small firms and no entry barriers.
D. One dominant firm and low entry barriers.
Answer:A
Oligopolistic industries are characterized by—
A. A few dominant firms and substantial barriers to entry. B. A few large firms and no entry barriers. C. A large number of small firms and no entry barriers. D. One dominant firm and low entry barriers.