Which would be a qualification to the view that oligopoly is allocatively and productively inefficient?

A. Oligopolies may purposely keep prices below short-run profit-maximizing levels to bolster barriers to entry.
B. Less foreign competition has stimulated more price competition in oligopolies.
C. The more collusive practices of oligopolies lead to more profit-sharing among firms in the industry.
D. Oligopolies are less technologically competitive so they lose market share.


Answer: A

Economics

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Economics

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Economics