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jkim3464 jkim3464
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A year ago
Both empirical evidence and everyday observation suggest that oligopolies contribute to economic growth in the very-long-run by

▸ rarely laying off workers.

▸ achieving technological improvements and innovations through research and development.

▸ consistently producing at full-capacity output.

▸ achieving allocative efficiency.

▸ decreasing minimum efficient scale.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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janel989janel989
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A year ago
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jkim3464 Author
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Thanks
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Just got PERFECT on my quiz
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Brilliant
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