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.

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Definitions:

Transtheoretical Model

A theory of behavioral change that assesses an individual's readiness to act on a new healthier behavior, and provides strategies, or processes of change to guide the individual through the stages of change to Action and Maintenance.

Enabling Factors

Conditions or elements that facilitate the accomplishment of an action or the attainment of a goal, making processes easier or possible.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Time Management

The process of organizing and planning how to divide one's time between various activities effectively.