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g The number of firms in an oligopoly must be Group of answer choices None of the Answers are Correct. Small enough so that revenues are large enough to support advertising expenditures. Small enough so that one firm's decisions have a significant impact on the decisions of the other firms in the industry. Large enough so that firms cannot coordinate. Four.

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The number of firms in an oligopoly must be small enough so that one firm's decisions have a significant impact on the decisions of the other firms in the industry.

What is an oligopoly?

An oligopoly consists of two or more firms.

An oligopoly can have as many firms as it wants, but the number must be so low that each firm's decisions have a big impact on the others.

Entry into an oligopolistic market is difficult. Oligopolistic businesses may create differentiated or uniform products. Automobile, oil, steel, and passenger airplane manufacturers are a few examples of oligopolistic businesses.

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