Ask Question
BusinessBusiness
2 June, 22:24

List two characteristics of an oligopolistic industry.

+1
Answers (2)
  1. 2 June, 22:34
    0
    Interdependence

    Advertising

    Group Behavior

    Competition
  2. 2 June, 22:40
    0
    1. An industry dominated by a small number of large firms

    2. Firms sell either identical or differentiated products

    3. The industry has significant barriers to entry

    This fact is recognized by all the firms in an oligopolistic industry. If a small number of sizable firms constitute an industry and one of these firms starts advertising campaign on a big scale or designs a new model of the product which immediately captures the market, it will surely provoke countermoves on the part of rival firms in the industry. Thus different firms are closely inter dependent on each other.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “List two characteristics of an oligopolistic industry. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr.
Answers (1)
Zabarkes Corporation is considering a capital budgeting project that would require an initial investment of $640,000 and working capital of $79,000. The working capital would be released for use elsewhere at the end of the project in 3 years.
Answers (1)
The financial records for Harold Corporation included the following information: Accounts receivable, $55,000 Accounts payable, $20,000 Cash, $25,000 Common stock, $25,000 Dividends, $15,000 Sales revenue, $90,000 Salaries and wages expense, $30,000
Answers (1)
Explain how increased immigration affected the market for low-skilled labor. Discuss which curves shifted, and what happened to price and quantity.
Answers (1)
The stages in the life of a transaction exposure can be broken into three distinct time periods. The first time period is the time between quoting a price and reaching an actual sale agreement or contract.
Answers (2)
New Questions in Business
Montana Company was authorized to issue 200,000 shares of common stock. The company had issued 50,000 shares of stock when it purchased 10,000 shares of treasury stock.
Answers (1)
The following items caused the only differences between pretax financial income and taxable income. 1.
Answers (1)
Which of the following characteristics would lead the auditor to assess control risk at a higher level? a. It is difficult for the auditor to determine or gain access to the organization or individuals who own and/or control the entity. b.
Answers (1)
The reason for the Fed being set up as an independent agency of government is to:
Answers (1)
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Home » Business » List two characteristics of an oligopolistic industry.
Sign Up Forgot Password?