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.

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Definitions:

Daily Total Fat Intake

The total amount of fat consumed in one's diet over the course of a single day.

Saturated Fats

Types of fats found in animal products and some plant oils that are solid at room temperature, often linked to increased cholesterol levels and heart disease risk when consumed in excess.

Infant Nutrition

The dietary requirements and feeding practices for babies to ensure optimal growth and health.

Breast Milk

The milk produced by the mammary glands of a human female to nourish her infant, containing necessary nutrients, antibodies, and enzymes.