Which Would Be a Qualification to the View That Oligopoly

question 78

Multiple Choice

Which would be a qualification to the view that oligopoly is allocatively and productively inefficient?

• A) Less foreign competition has stimulated more price competition in oligopolies.
• B) Oligopolies are less technologically competitive, so they lose market share.
• C) Oligopolies may purposely keep prices below short-run profit-maximizing levels to bolster barriers to entry.
• D) The more collusive practices of oligopolies lead to more profit-sharing among firms in the industry.