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In the online textbook, go to Chapter 7. Start with the Chapter Introduction, then click each topic to read more.

What are the barriers to entry into the oligopoly market?

A. High
B. Low
C. None

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Final answer:

Barriers to entry are obstacles hindering new firms from entering a market, granting power to existing firms in oligopoly markets.


Explanation:

Barriers to entry are obstacles that make it difficult for new firms to enter a market, thus giving existing firms power in oligopoly markets. These barriers can include government regulations, patents, economies of scale, and more.


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