To move the allocation of resources closer to the social optimum, policymakers should typically try to induce firms in an oligopoly to:

Name: To move the allocation of resources closer to the social optimum, policymakers should typically try to induce firms in an oligopoly to:
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Question

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Encouraging competition rather than cooperation among firms in an oligopoly can lead to outcomes closer to the social optimum, as competition tends to lower prices and increase output, benefiting consumers.

To Move the Allocation of Resources Closer to the Social