Economics 1021A/B Lecture Notes - Lecture 21: Oligopoly, Game Theory, Strategic Dominance

26) The market structure in which natural or legal barriers prevent the entry of new firms and a small number of firms compete is A) monopolistic competition. B) monopoly. duopoly. D) oligopoly. E) perfect competition.

27) The market structure in which natural or legal barriers prevent the entry of new firms and a small number of firms compete is A) oligopoly. B) monopolistic competition. duopoly. D) monopoly. E) perfect competition.

26) The market structure in which natural or legal barriers prevent the entry of new firms and a small number of firms compete is A) monopolistic competition. B) monopoly C) duopoly. D) oligopoly. E) perfect competition.