lower costs to allow for more money for research and development is an example of how which type of entity benefits the economy?

a. stock market
b. oligopoly
c. monopoly
d. bank

1 answer

The correct answer is b. oligopoly.

Oligopolies are market structures dominated by a small number of firms, which can lead to efficiencies that lower costs. This can free up more resources for research and development (R&D), ultimately benefiting the economy through innovation and enhanced products or services.