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Oligopoly and contestable markets Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 1
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Oligopoly
Contestable market
Equal access to technology
Few large firms
Possibility of collusion
Existence of barriers to entry
Always a threat of new entrance
Absence of barriers to entry
High levels of interdependence
Zero sunk costs
Firms may enjoy economies of scale
No exit barriers