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.

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Definitions:

Cerebellum

A part of the brain located at the back of the skull, crucial for motor control, coordination, precision, and timing of movements.

Keeping Balance

The physiological and psychological process of maintaining stability and orientation; in physical terms, it relates to how the body positions itself to avoid falling.

Motor Cortex

An area of the cerebral cortex that plays a crucial role in the planning, regulating, and carrying out of voluntary movements.

Degree Of Precise Control

Degree of precise control describes the extent to which an individual or system can regulate or manage operations or processes with accuracy and exactness.