Answer to Question #215626 in Economics for Nkanyiso

Question #215626

How can an oligopoly cause market failure


1
Expert's answer
2021-07-12T10:05:54-0400

Inefficiency, instability and indeterminacy brought about by oligopoly may result in a market crash. The firm's supremacy is established as the capacity is established more and more, but little is produced in order to create artificial barrier to entry.


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