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: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. A) Oligopolistic industries may promote technological progress. B) unanswered Oligopolies may engage in limit pricing to keep out potential entrants. C) unanswered Oligopolies are self-regulating. D) unanswered Oligopolies can be kept in line by foreign competition.

Oligopolistic industries may promote technological progress.

Oligopolies may engage in limit pricing to keep out potential entrants.

Oligopolies can be kept in line by foreign competition. (A, B and D).

Explanation:

Oligopoly is a market structure with few large producers with strategic behavior. In an oligopoly, every firm's share of the total market is determined by advertising and product development.

The arguments in favor of oligopoly include the promotion of technological progress, engaging in limit pricing in order to keep out potential entrants and also oligopoly can be kept in line by foreign competition.

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