The Potential for Maximizing Total Industry Profits Is Greater in Oligopolies

question 103

Multiple Choice

The potential for maximizing total industry profits is greater in oligopolies than in perfect competition because

• A)There are fewer firms and each is dependent on the actions of rivals.
• B)Firms in an oligopoly are more profitable.
• C)There are independent firms in an oligopoly.

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A government program that provides financial assistance to people with inadequate or no income, primarily the elderly, disabled, and families with dependent children.

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