The table below shows the market shares for the only firms in a domestic cement market. TABLE 11- 1
-Both empirical evidence and everyday observation suggest that oligopolies contribute to economic growth in the very- long- run by
A) achieving allocative efficiency.
B) decreasing minimum efficient scale.
C) achieving technological improvements and innovations through research and development.
D) consistently producing at full- capacity output.
E) rarely laying off workers.
Correct Answer:
Verified
Q29: FIGURE 11- 2 Q30: Suppose the 2- firm concentration ratio (measuring Q31: Advertising by existing firms in an oligopolistic Q32: In long- run equilibrium,a monopolistically competitive industry Q33: In an imperfectly competitive market,changes in market Q35: An ineffective means of discouraging the entry Q36: "Brand proliferation" is an example of Q37: The diagram below shows selected cost and Q38: Suppose two firms,Allstom from France,and Bombardier Q39: One characteristic of oligopolistic markets is![]()
A)collusive behaviour.
B)predatory
A)a large
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