Examlex
Which of the following is NOT an outcome of ingroup and outgroup distinctions?
Oligopolists
Firms or entities within an oligopoly, a market structure characterized by a small number of large firms dominating the industry, which can influence prices and market outcomes.
Kinked-demand Model
An economic theory that predicts prices in certain competitive markets will remain stable despite economic pressures that would normally cause prices to fluctuate.
Allocative Efficiency
The state of resources being allocated in a way that maximizes the welfare or utility of consumers according to their preferences.
Productive Efficiency
A condition where an economy or firm produces goods or services at the lowest possible cost, utilizing resources in the best way possible.
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