The primary reason most oligopolists do not become monopolists is
a. inadequate profit
b. disinclination to merge
c. fear of government
d. inability to prevent competitors from entering the industry
e. inability to differentiate their goods
D
You might also like to view...
When an economy is at its natural rate of unemployment, which of the following will be true?
A) Only structural unemployment as a result of technological change will exist in the economy. B) The labor force participation rate will be 100%. C) The unemployment rate will be greater than 0%. D) The unemployment rate will be 0%.
Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are (were)
A) using a floating currency. B) unable to conduct fiscal policy. C) unable to conduct monetary policy. D) using currency which is backed by gold.