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5.Is it easier for a few firm to enter the market under found in oligopolis competition or oligopolis? Why?

User John Blakie
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17 votes

Answer: No, it is not easy for new firms to enter to market where there is oligopolis competition.

Step-by-step explanation:

Oligopolis is a market condition in which few firms take the advantage to run their business and they do not allow small competitors to interfere and put barriers and obstacles for small competitors so that they cannot compete with them and do not earn anything. Those powerful competitors can make up the huge amount of profit. Also few sellers attain significant power in the market and prevent other.

User Bafla
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