Question

The most important source of oligopoly is: economies of scale. government-created barriers. technological superiority. all of the above.

Answer 1

The most important source of oligopoly can be economies of scale, government-created barriers, and technological superiority.

Step-by-step explanation:

An oligopoly is a market structure characterized by a few large firms dominating the market. The most important source of oligopoly can be all of the above - economies of scale, government-created barriers, and technological superiority.

Economies of scale occur when larger firms have lower average costs than smaller firms, allowing them to offer competitive prices. Government-created barriers can include patents, licenses, or regulations that limit competition. Technological superiority can give a firm a competitive advantage, enabling it to dominate the market.

Answer 2

economies of scale

Step-by-step explanation:

Economies of scale are the result of increasing returns to scale, this means that the higher the output, the lower the production costs per unit. This means that large producers will have an advantage over smaller producers which will eventually allow them to make more profits and sell at lower prices. After a while, only large producers that are able to manufacture goods at a low price will exist, e.g. car manufacturers.