Saved Bookmarks
| 1. |
Why is the number of firms small of an oligopoly market? Explain |
| Answer» Solution :The main reason for small number of FIRMS under oligapoly is the 'Barriers to Entry', which prevent entry of new firms to the industry Patents, requirement of large capital, control over cruclal raw materials epic are some of the other reasons, which prevent new firms from entening into industry As a RESULT, there ANP fow firms in an OLIGOPOLY market. | |