Question: How does an oligopoly structure affect consumer welfare and market efficiency in the long term, particularly in terms of pricing, product variety, and innovation? What
How does an oligopoly structure affect consumer welfare and market efficiency in the long term, particularly in terms of pricing, product variety, and innovation? What regulatory measures could be introduced to prevent collusion and promote competition, while ensuring that firms in the oligopoly remain incentivized to invest in quality and innovation?
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