Which of the following is a market structure in which relatively few sellers compete and where high start-up costs form barriers to keep out new competitors?
a. Pure competition
b. Discriminatory competition
c. Oligopoly
d. Monopoly
Answer: C
Which of the following is a market structure in which relatively few sellers compete and where high start-up costs form barriers to keep out new competitors?
a. Pure competition
b. Discriminatory competition
c. Oligopoly
d. Monopoly
Answer: C