Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Get quick and reliable answers to your questions from a dedicated community of professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
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
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.
