The Theory of Oligopoly Provides Another Reason That Free Trade

question 64

Multiple Choice

The theory of oligopoly provides another reason that free trade can benefit all countries because

• A)increased competition leads to larger deadweight losses.
• B)as the number of firms within a given market increases, the price of the good decreases.
• C)as the number of firms within a given market increases, the profit of each firm increases.
• D)All of the above are correct.

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Definitions:

Spontaneous Abortion

The natural loss of a pregnancy before the fetus can survive independently, often referred to as a miscarriage.

Teratogen Exposure

Contact with substances that can cause birth defects or developmental abnormalities in a fetus during pregnancy.

Genetic History

The study and documentation of an individual's or family's inherited traits, conditions, and diseases to assess health risks.

Delayed Development

A condition where a child does not reach developmental milestones within the typical age range, possibly indicating underlying health or learning issues.