- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 1. The Firm and Market Structures
- Subject 8. Oligopoly
CFA Practice Question
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
Correct Answer: C
User Contributed Comments 1
| User | Comment |
|---|---|
| EEEEvia | why not B? |