question archive Large barriers to entry exist in which of the following market structures? A
Large barriers to entry exist in which of the following market structures? A
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Large barriers to entry exist in which of the following market structures?
A. Perfect competition only
B. Perfect competition and monopolistic competition
C. Oligopoly and monopoly
D. Monopoly only
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Large barriers to entry exist in which of the following market structures?
(C) Oligopoly and monopoly
There are barriers that prevent new firms from entering oligopolies and monopolies, resulting in few (oligopoly) or one (monopoly) firms. In monopolistic competition and perfect competition, on the other hand, there are limited barriers to entry, resulting in many firms in both market types.
