Asked by
Perla Lopez
on Dec 12, 2024
Verified
Which of the following will reduce the likelihood of effective collusion among oligopolistic producers?
A) low entry barriers into the market
B) a production of a homogenous product
C) a stable market demand for the product
D) a highly inelastic market demand for the product
Effective Collusion
Coordinated action taken by competitors to control prices or market conditions in a way that circumvents normal market competition.
Low Entry Barriers
Conditions in a market that make it easy for new firms to enter, such as low startup costs or minimal regulations.
- Investigate the influence of obstacles to entry and regulatory constraints on the architecture of markets and the nature of competition.
- Fathom the underpinnings and impediments of collusive behavior among businesses in an oligopoly environment.
Verified Answer
CD
Learning Objectives
- Investigate the influence of obstacles to entry and regulatory constraints on the architecture of markets and the nature of competition.
- Fathom the underpinnings and impediments of collusive behavior among businesses in an oligopoly environment.
Related questions
In Which of the Following Industries Would We Expect Collusion ...
Which of the Following Increases the Likelihood That a Group ...
When Members of an Oligopolistic Industry Agree to Collude, Raising ...
Which of the Following Is an Obstacle That Would Reduce ...
Which of the Following Will Be an Obstacle to Oligopolistic ...