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content area top Part 1 In what way can an oligopolistic market structure be beneficial to society? Question content area bottom Part 1 A. Oligopolistic
content area top Part 1 In what way can an oligopolistic market structure be beneficial to society? Question content area bottom Part 1 A. Oligopolistic firms compete through innovation, which is a driving force of economic growth and increasing living standards. B. An oligopolistic market structure is most adaptive to today's rapid rate of technological change. C. Oligopolistic firms compete through advertising, which increases economic efficiency. D. An oligopolistic market structure is most conducive to non-competitive behaviour, which leads to lower prices for consumers in the long run. E. Oligopolistic firms are able to exploit all existing economies of scale and operate at the minimum of long-run average costs, thereby reducing the use of society's resources
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