Unlike a Monopoly, an Oligopoly Tends to Achieve Allocative Efficiency

question 141

True/False

Unlike a monopoly, an oligopoly tends to achieve allocative efficiency due to the rivalry among several firms.

---

Definitions:

Nonverbal Cues

Communication signals expressed through body language, facial expressions, and other physical behaviors rather than words.

Brainwashed

A colloquial term for the process of coercively changing or manipulating someone's beliefs, attitudes, or behaviors, often in a negative context.

Perceived Risk

The potential negative outcome a consumer envisages before making a purchasing decision, influencing their behavior and choice.

Negative Antecedent State

A psychological or physical condition that exists before a particular behavior, leading to a reduction in consumer satisfaction or decision-making efficiency.