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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Definitions:

Vegetation

The plants and trees collectively found in a particular area, contributing to the habitat and ecosystem.

Lunar Radiation

Electromagnetic radiation emitted by the moon, primarily observed as reflected sunlight.

Biomes

Large ecological areas on the Earth's surface, with flora and fauna adapting to their environment, such as forests, deserts, and tundras.

Microclimate

The climate of a very small or restricted area, especially when this differs from the climate of the surrounding area.