Potential entry by new firms and competition from imports tend to worsen the economic inefficiency in an oligopoly.

Name: Potential entry by new firms and competition from imports tend to worsen the economic inefficiency in an oligopoly.
Brand: Quizplus
Rating: 5.0 (45 reviews)

Question

Quizplus · Accepted Answer

Potential entry by new firms and competition from imports can actually reduce economic inefficiency in an oligopoly by increasing competition, which often leads to lower prices and improved quality for consumers.

Potential Entry by New Firms and Competition from Imports Tend