Both empirical evidence and everyday observation suggest that oligopolies contribute to economic growth in the very- long- run by
A) achieving technological improvements and innovations through research and development.
B) achieving allocative efficiency.
C) decreasing minimum efficient scale.
D) rarely laying off workers.
E) consistently producing at full- capacity output.
Correct Answer:
Verified
Q51: The diagram below shows demand and cost
Q53: Q54: The diagram below shows selected cost and Q54: Q55: A characteristic of a monopolistically competitive market Q56: Q57: The demand curve facing a monopolistically competitive Q58: A monopolistically competitive firm has some degree Q59: A monopolistically competitive firm maximizes profits in Q60: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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