keitume06 keitume06
  • 23-06-2021
  • Business
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How can an oligopoly cause market failure

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mahi27
mahi27 mahi27
  • 23-06-2021

Answer:

Market failure due to Oligopoly

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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