An Important Defence of Oligopoly as a Market Structure Is

question 18

Multiple Choice

An important defence of oligopoly as a market structure is that

• A)it is more productively efficient than monopoly.
• B)it involves less allocative inefficiency than monopoly.
• C)it results in lower prices than perfect competition.
• D)it generates less unused capacity than monopolistic competition.
• E)it is the most efficient available alternative when the minimum efficient scale is large.

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Definitions:

Partner

An individual or entity who shares ownership in a business partnership, jointly sharing profits, losses, and management responsibilities.

Damages

Compensation claimed by or awarded to a party for a loss or injury caused by the actions of another.

Registered Dietician

A registered dietician is a healthcare professional specializing in dietetics; assessing, diagnosing, and treating dietary and nutritional problems at an individual and wider public-health level.

Accounting

The systematic process of recording, measuring, and communicating financial information.