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:

Best Suit

The most appropriate or fitting option among a selection of choices.

Positive Politicking

The act of engaging in politics or influence strategies in a manner that is ethical and aims to achieve positive outcomes.

Task Ambiguity

The uncertainty or lack of clarity in understanding the specifics of a given task or job.

Communication Channels

The mediums through which information is transmitted from a sender to a receiver, such as verbal, written, or non-verbal.