Discover a world of knowledge and community-driven answers at IDNLearn.com today. Ask your questions and get detailed, reliable answers from our community of knowledgeable experts.
Sagot :
The telecommunication market structure is considered an oligopoly market when there are high barriers to entry into the market.
What is a market?
A market is a place where the goods and services are being acquired by consumers and sold by retailers.
The oligopolistic market is a type of market structure where the control has been exercised by only the fewer firms over the entire market and doesn't allow new firms to enter the market. They initiate the barriers in the form of patenting of products, licenses from the government, adoption of expensive technology, etc.
Therefore, the creation of the barriers to entry of the new firms will mark the given market structure to be oligopolistic.
Learn more about the oligopoly in the related link:
https://brainly.com/question/14148752
#SPJ1
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Thank you for trusting IDNLearn.com. We’re dedicated to providing accurate answers, so visit us again for more solutions.
