question archive Oligopoly differs from monopoly in that: a
Oligopoly differs from monopoly in that: a
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Oligopoly differs from monopoly in that:
a. in oligopoly, prices tend to be much higher than in a monopoly industry.
b. strategic pricing interactions are more likely to occur in an oligopoly industry than in a monopoly industry.
c. strategic pricing interactions are more likely to occur in a monopoly industry than in an oligopoly industry.
d. barriers to entry are always greater in oligopolistic industries than monopoly industries.
e. government regulations tend to be stricter in oligopolistic industries compared to monopoly industries.
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The correct answer is (d).
Barriers to entry differ between monopolistic market structure and oligopoly competition. Even though entry barriers are of different degrees, barriers are higher in an oligopoly market structure than in a monopoly market.
