Some observers assert that oligopolies are less socially desirable than pure monopolies because

1 answer:

5 0

<span>The oligopoly is characterized with few large producers that standardize or differentiated products, there are barriers to enter/exit.
</span>Some observers assert that oligopolies are less socially desirable than pure monopolies because informal collusion among oligopolists may yield price/output results similar to those under pure monopoly yet give the outward appearance of competition.

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