1. Which of the following apply to oligopoly industries? Instructions: You may select more than one answer.
A few large producers.
Many small producers.
Strategic behavior.
Price taking.
2.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: You may select more than one answer.
| Oligopolies may engage in limit pricing to keep out potential entrants. | |
| Oligopolistic industries may promote technological progress. | |
| Oligopolies can be kept in line by foreign competition. | |
| Oligopolies are self-regulating. |
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