In What Way Can an Oligopolistic Market Structure Be Beneficial

question 117

Multiple Choice

In what way can an oligopolistic market structure be beneficial to society?

• A)Oligopolistic firms compete through advertising,which increases economic efficiency.
• B)Oligopolistic firms are able to exploit all existing economies of scale and operate at the minimum of long-run average costs,and thereby reduce the use of society's resources.
• C)An oligopolistic market structure is most conducive to non-competitive behaviour which leads to lower prices for consumers in the long run.
• D)An oligopolistic market structure is most adaptive to today's rapid rate of technological change.
• E)Oligopolistic firms compete through innovation,which is a driving force of economic growth and increasing living standards.

Understand the concept and benefits of functional conflict in organizations.

Recognize the role of cultural differences in contributing to workplace conflict.

Identify different types of conflict individuals may face in professional scenarios.

Explain strategies to minimize various forms of organizational conflict.

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Definitions:

Contagious

Able to be passed from one person to another via direct or indirect contact.

Fatal

Resulting in death or causing the end of life; extremely serious or deadly.

Alveoli

Minute pulmonary sacs essential for the oxygen and carbon dioxide trade-off.

Emphysema

A chronic lung condition where the air sacs (alveoli) become damaged and enlarged, leading to breathing difficulties.