Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
The telecommunication market structure is considered an oligopoly market when there are high barriers to entry into the market.
What is a market?
A market is a place where the goods and services are being acquired by consumers and sold by retailers.
The oligopolistic market is a type of market structure where the control has been exercised by only the fewer firms over the entire market and doesn't allow new firms to enter the market. They initiate the barriers in the form of patenting of products, licenses from the government, adoption of expensive technology, etc.
Therefore, the creation of the barriers to entry of the new firms will mark the given market structure to be oligopolistic.
Learn more about the oligopoly in the related link:
https://brainly.com/question/14148752
#SPJ1
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.
