a market structure with barriers to entry
Consider the following characteristics:
a. a market structure with barriers to entry
curves that are easily identified
c. firm cannot make zero profits in the long run
d. firm can reap long run profits.
Which of the characteristics in the list above is shared by an oligopolist and a monopolist?
a. a and d
b. a, b, c, and d
c. a, b, and d
d. a, c, and d