Which of the Following Is NOT a Cause for an Oligopoly

question 3

Multiple Choice

Which of the following is NOT a cause for an oligopoly to exist?

• A) economies of scale
• B) structural dependence
• C) barriers to entry
• D) horizontal mergers

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Definitions:

Individualism

A philosophy or social outlook that emphasizes the moral worth of the individual and prioritizes personal independence and self-reliance.

United States

A federal republic in North America consisting of 50 states, known for its significant influence on world politics, economy, and culture.

Functionalist

In sociology, functionalism is a theoretical perspective that views society as a complex system whose parts work together to promote solidarity and stability, emphasizing the interdependence of various social institutions.

Inequality

The uneven allocation of resources, opportunities, and rights across different members of a society.