Which of the following choices is an advantage of an oligopoly? agreeing to set prices high limiting choices within the market inventing new things to offer more choices slowing innovation by excluding new firms from the market

Which of the following choices is an advantage of an oligopoly? agreeing to set prices high limiting choices within the market inventing new things to offer more choices slowing innovation by excluding new firms from the market

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following choices is an advantage of an oligopoly?

agreeing to set prices high

limiting choices within the market

inventing new things to offer more choices

slowing innovation by excluding new firms from the market

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