In oligopoly, minimum efficient scale is large relative to the market.

Name: In oligopoly, minimum efficient scale is large relative to the market.
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In oligopoly, there are a few large firms that dominate the market. These firms operate at a minimum efficient scale which is large relative to the market, as they require a significant amount of resources and capital to stay competitive in the industry. This results in high barriers to entry for new firms and limits the competition in the market.

In Oligopoly, Minimum Efficient Scale Is Large Relative to the Market