why is competition limited in an oligopoly?\nhigh entry costs prevent new producers from entering the…
why is competition limited in an oligopoly?\nhigh entry costs prevent new producers from entering the market.\nproducers completely refuse to engage in price wars.\nno major distinctions exist between producers.\nproducers actively segment the market to avoid competition.
Answer
Answer:
High entry costs prevent new producers from entering the market.
Brief Explanation:
In an oligopoly, high barriers like large - scale capital requirements keep new firms out, limiting competition.