To move the allocation of resources closer to the social optimum,what should policymakers typically try to induce firms in an oligopoly to do
A)collude with each other
B)form various degrees of cartels
C)compete rather than cooperate with each other
D)cooperate rather than compete with each other

Question

Quizplus · Accepted Answer

Policymakers typically aim to encourage competition among firms in an oligopoly to prevent collusion and promote efficiency, leading to outcomes closer to the social optimum.

To Move the Allocation of Resources Closer to the Social