One Explanation for Why Oligopolies Exist Is That

question 190

Multiple Choice

One explanation for why oligopolies exist is that

• A)it is easier to regulate a smaller number of firms
• B)minimum efficient scale is small relative to the market,allowing a large number of firms to achieve minimum long-run average total cost
• C)minimum efficient scale is large relative to the market,allowing only a few firms to achieve minimum long-run average total cost
• D)minimum efficient scale may be greater than the market quantity demanded at the price equal to minimum long-run average total cost
• E)competitive pricing drives firms from the market

---

Definitions:

Breach Of Contract

Breaching any of the accepted terms and conditions within a legally binding agreement.

Legal Action

The process of seeking recourse or justice through the court system, typically involving lawsuits or litigation.

Construction Project

A comprehensive plan of construction from the beginning to the end involving any form of building or assembly.

Duty To Disclose

A legal obligation to reveal pertinent information in transactions or agreements.