Of the Four Major Market Structures,oligopoly Is the Worst at Achieving

question 59

True/False

Of the four major market structures,oligopoly is the worst at achieving economic efficiency.

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Definitions:

Extinction

The permanent loss of all members of a species, making it unable to survive, reproduce, or recover in its natural environment.

Abiotic Factors

Non-living chemical and physical parts of the environment that affect living organisms and the functioning of ecosystems.

Cambrian

A geological period approximately 541 million years ago marked by a rapid diversification of life forms in the fossil record.

Regulatory Controls

Measures and interventions implemented by a governing body to regulate activities within a specific area or industry to ensure safety, compliance, and fairness.