Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms
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Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms tend to be regulated. Arguments in favor of a more benign view of oligopolies include:
a. Oligopolies are self-regulating.
b. Oligopolies can be kept in line by foreign competition.
c. Oligopolistic industries may promote technological progress.
d. Oligopolies may engage in limit pricing to keep out potential entrants.
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a Oligopolies are selfregulating They often attempt collusion in order to collective...View the full answer
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Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
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