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प्रश्न
Which factor can act as a barrier to entry in an oligopolistic industry?
पर्याय
Free and easy access to the market for all firms
Low capital requirement and weak brands
Strong brand loyalty and high capital needs
Perfect knowledge and identical small firms
MCQ
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उत्तर
Strong brand loyalty and high capital needs
Explanation:
New firms find entry difficult because existing firms enjoy strong brand loyalty, hold licences or patents, and require large capital and scale, which act as barriers to entry.
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