Why Might Only a Few Firms Dominate an Oligopolistic Industry

question 23

Multiple Choice

Why might only a few firms dominate an oligopolistic industry?

• A)A natural or legal barrier to entry exists.
• B)Perfectly elastic demand makes small-scale operation economically inefficient.
• C)Decreasing returns to scale may make small-scale firms more advantageous.
• D)Inelastic market demand leads to the domination of the industry by a few firms.
• E)It is due to the outcome of the prisoners' dilemma.

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Definitions:

Withdrawal Management

Maneuvers or interventions used to help individuals safely reduce or eliminate dependence on addictive substances, often involving medical and psychological support.

Ambulatory Withdrawal

The process of experiencing withdrawal symptoms while not being hospitalized, often managed through outpatient treatment services.

N-SSATS

National Survey of Substance Abuse Treatment Services, a survey that collects data on the location, characteristics, and use of alcohol and drug abuse treatment facilities in the U.S.

Inpatient Nonhospital

Care settings that provide residential treatment or rehabilitation services outside of the traditional hospital environment, often specialized for specific issues like substance abuse or psychiatric care.