Some Economists Observe That Higher Profit Rates in Large Oligopolies

question 87

Multiple Choice

Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from _____ in these large firms.

• A)brand loyalty
• B)economies of scale
• C)higher prices
• D)higher costs
• E)lower prices

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Definitions:

International Balance

A state in which nations maintain equilibrium in power, influence, and interests to promote global stability.

Organized Labor

A collective group of workers, often in a union, who come together to negotiate wages, hours, benefits, and working conditions.

African Americans

A racial group in the United States with ancestry tracing back to Black African peoples.

Family Lives

The day-to-day practices, routines, and interactions that define the domestic experience within a family unit.