. 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.
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