What effect might the government have on oligopolies? In oligopolies, the govern

Question

What effect might the government have on oligopolies? In oligopolies, the government might impose barriers to entry with a copyright, which allows only the government to supply a good or service. promote competition by allowing large firms to lobby state legislators and members of Congress for favorable laws. impose barriers to entry with occupational licensing, where a license is required to provide a good or service. promote competition with a patent, which grants exclusive rights to product a good. impose bamers to entry with a free-trade agreement with another country to promote competition.

Explanation / Answer

Option C.

In Oligopoly the government imposes the barriers to Entry with a quota to limit foreign competition.

It imposes a occupational licensing laws which requires a license to provide a good or service and imposes a barrier to entry.

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