All of the following except one are valid statements concerning the debate about oligopolies and efficiency.Which is the exception?
A) Oligopolies are often very large and this creates an environment that is conducive to research and technological change.
B) The barriers to entry in an oligopoly industry encourage research.
C) Oligopolies usually achieve productive efficiency.
D) Because of the barriers to entry in oligopoly industries,oligopolies are likely to become complacent and lose their competitive edge.
Correct Answer:
Verified
Q62: Which of the following statements is correct
Q63: The Canadian gumnut industry consists of 10
Q64: Which of the following statements best describes
Q65: Q66: In the kinked-demand curve variant of oligopoly Q68: Which of the following statements best describes Q69: The Canadian gumnut industry consists of 10![]()
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