In typical modern oligopolies,the large capital investment necessary to enter the market discourages new competitors.
Correct Answer:
Verified
Q8: Natural monopolies exist partly because duplication of
Q29: Physical resources include the data and other
Q33: The customs,values,and demographic characteristics of the society
Q43: Product differentiation is common in a market
Q44: One of the four elements that are
Q55: Economic systems differ in how factors of
Q58: In a natural monopoly,prices tend to be
Q84: Economic indicators help to assess the performance
Q91: The United States government manages the collection
Q95: Stabilization policy is made up of both
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents