Some observers assert that oligopolies are less socially desirable than pure monopolies because

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Eva Boyle

Social Studies

31 May, 22:07

Some observers assert that oligopolies are less socially desirable than pure monopolies because

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Jase · Answer 1

The oligopoly is characterized with few large producers that standardize or differentiated products, there are barriers to enter/exit.

Some observers assert that oligopolies are less socially desirable than pure monopolies because informal collusion among oligopolists may yield price/output results similar to those under pure monopoly yet give the outward appearance of competition.