Some Observers Assert That Oligopolies Are Less Socially Desirable Than

question 25

Multiple Choice

Some observers assert that oligopolies are less socially desirable than pure monopolies because

• A) monopolies are often government-regulated, whereas collusion among oligopolies may lead to similar results as a monopoly yet, having several firms, may give the illusion of competition.
• B) monopolies have unique products, whereas product differentiation in oligopolies would lead to economic inefficiencies.
• C) mutual interdependence among firms in an oligopoly would lead to more inefficiencies than in the case of a monopoly.
• D) oligopolies tend to engage in advertising more so than monopolies.

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