Which Would Be a Qualification to the View That Oligopoly

question 87

Multiple Choice

Which would be a qualification to the view that oligopoly is allocatively and productively inefficient?

• A)Less foreign competition has stimulated more price competition in oligopolies.
• B)Oligopolies are less technologically competitive, so they lose market share.
• C)Oligopolies may purposely keep prices below short-run profit-maximizing levels to bolster barriers to entry.
• D)The more collusive practices of oligopolies lead to more profit-sharing among firms in the industry.

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