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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