kjwardlaw kjwardlaw

01-04-2020
Business

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QUESTION 16
An oligopoly firm that will earn long-run economic profit.
O a. enjoys huge brand loyalty
o b. charges a low price for its product
C. spends less on advertisements
d. incurs a high cost to achieve the minimum efficient scale
e. charges a higher price for its product

Respuesta :

letmeanswer letmeanswer

06-04-2020

E. CHARGES A HIGHER PRICE FOR ITS PRODUCT

Because of less substitution available and barriers to entry.

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