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Why is it more difficult for firms to enter an oligopolistic industry than a highly competitive one? a

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Why is it more difficult for firms to enter an oligopolistic industry than a highly competitive one?

a. The low initial profits in the industry act as a deterrent for firms looking to enter the market.

b. There are significant barriers to entry, including high startup costs.

c. The market power of existing firms in the industry acts as a barrier to entry.

d. New firms have difficulty differentiating their product in significant ways from the products of existing firms.