why is competition limited in an oligopoly?\no high entry costs prevent new producers from entering the…
why is competition limited in an oligopoly?\no high entry costs prevent new producers from entering the market.\no producers completely refuse to engage in price wars.\no no major distinctions exist between producers.\no producers actively segment the market to avoid competition.
Answer
Answer:
A. High entry costs prevent new producers from entering the market.
Brief Explanations:
In an oligopoly, high barriers like large - scale capital requirements keep new firms out, limiting competition. Other options are less accurate; producers may engage in price wars, there can be product distinctions, and while market - segmentation exists, high entry costs are a key limiting factor.