Some Observers Assert That Oligopolies Are Less Socially Desirable Than

question 2

Multiple Choice

Some observers assert that oligopolies are less socially desirable than pure monopolies because

• A)monopolies are often government-regulated, whereas collusion among oligopolies may lead to similar results as a monopoly yet, having several firms, may give the illusion of competition.
• B)monopolies have unique products, whereas product differentiation in oligopolies would lead to economic inefficiencies.
• C)mutual interdependence among firms in an oligopoly would lead to more inefficiencies than in the case of a monopoly.
• D)oligopolies tend to engage in advertising more so than monopolies.

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Definitions:

Old Habits

Established patterns of behavior that are repeated regularly and tend to occur subconsciously, often hard to change due to their deep-rooted nature in one's routine or personality.

Reward System

Mechanisms or programs designed to recognize and reward individuals for their performance and achievements, often used to motivate and retain employees.

Internal Variables

Factors within a study or experiment that can influence the outcome, often controlled or monitored by the researcher.

Safety Measures

Procedures or actions taken to reduce the risk of accidents, injuries, and other unsafe situations in a workplace or public environment.