Sawaal
6
Q:

Oligopolistic industries are characterized by

A) a few dominant firms and no barriers to entry B) a large number of firms and low entry barriers
C) a few dominant firms and substantial entry barriers D) a few dominant firms and low entry barriers

Answer:   C) a few dominant firms and substantial entry barriers



Explanation:

Oligopoly is market structure where a small number of large firms are there. Oligopolistic industries are characterized by a few dominant firms and substantial entry barriers.

Subject: Business Awareness
Exam Prep: AIEEE , Bank Exams , CAT , GATE
Job Role: Analyst , Bank Clerk , Bank PO
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