Asked by
Leslie Torralba
on Nov 26, 2024Verified
Which of the following has not contributed to the development of oligopolies in the U.S. economy?
A) mergers
B) patents
C) economies of scale
D) interindustry competition
Oligopolies
Market structures characterized by a small number of firms dominating the market, where each firm has significant market power and decisions of one firm influence others.
Interindustry Competition
Competition that occurs between firms in different industries, as opposed to intra-industry competition within the same industry.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, as the scale of operation increases.
- Identify the factors contributing to the development of oligopolies in an economy.
Verified Answer
SP
Learning Objectives
- Identify the factors contributing to the development of oligopolies in an economy.