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Basic Question 2 of 17
When barriers to entry are high and the industry is made up of a few large firms, there is ______.
B. a strong case for a government take-over of the industry
C. less competition than in an industry with a large number of small firms, but there will be competition that takes the form of efforts to improve quality
A. more competition as compared to an industry with a large number of small firms
B. a strong case for a government take-over of the industry
C. less competition than in an industry with a large number of small firms, but there will be competition that takes the form of efforts to improve quality
User Contributed Comments 1
| User | Comment |
|---|---|
| EEEEvia | why not B? |
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Edward Liu
Learning Outcome Statements
explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy
CFA® 2024 Level I Curriculum, Volume 1, Module 1.