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. Some analysts consider oligopolies to be potentially less efficient than monopoly firms

. Some analysts consider oligopolies to be potentially less efficient than monopoly firms

. 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:

a. Oligopolies are self-regulating.

b. Oligopolies can be kept in line by foreign competition.

c. Oligopolistic industries may promote technological progress.

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

 

Abhinav 05-Dec-2019

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