An Important Defence of Oligopoly as a Market Structure Is

question 3

Multiple Choice

An important defence of oligopoly as a market structure is that

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