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In some cases oligopolies can benefit society by: a)earning abnormal profits. b)taking advantage of scale economies to produce at low average cost. c)raising prices and reducing output.
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Oct 25, 2021
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In some cases oligopolies can benefit society by:
a)earning abnormal profits.
b)taking advantage of scale economies to produce at low average cost.
c)raising prices and reducing output.
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Answer:
b) taking advantage of scale economies to produce at low average cost.
BernardG
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Nov 1, 2021
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