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This question focuses on an oligopoly and its reliance on economies of

Question

This question focuses on an oligopoly and its reliance on economies of

scale.

a. Explain the role of economies of scale in the success, or perhaps lack of success, for a given supplier operating within the context of oligopoly. In particular, how can economies of scale relate to the achievement of a competitive advantage in the marketplace?

b. Why is market share within the oligopoly so important in the achievement of economies of scale?

The explanation must be one paragraph long. The explain must be clear, persistent, and list number for each answer.

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