Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms tend to be regulated. Arguments in favor of a more benign view of oligopolies include: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. 2 Oligopolies are self-regulating. ? Oligopolies may engage in limit pricing to keep out potential entrants. ? Oligopolies can be kept in line by foreign competition. 2 Oligopolistic industries may promote technological progress.
Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms tend to be regulated. Arguments in favor of a more benign view of oligopolies include: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. 2 Oligopolies are self-regulating. ? Oligopolies may engage in limit pricing to keep out potential entrants. ? Oligopolies can be kept in line by foreign competition. 2 Oligopolistic industries may promote technological progress.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at least monopoly firms tend to be regulated. Arguments in favor of a more benign view of oligopolies include:
**Instructions:** You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.
- Oligopolies are self-regulating.
- Oligopolies may engage in limit pricing to keep out potential entrants.
- Oligopolies can be kept in line by foreign competition.
- Oligopolistic industries may promote technological progress.
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