The correct answer is "oligopoly." In an oligopoly, a few firms dominate the market, and they can often lower costs through economies of scale or strategic partnerships, allowing them to allocate more funds toward research and development, which can benefit the overall economy.
Lower costs to allow for more money for research and development is an example of how which type of entity benefits the economy?
(1 point)
• stock market
• oligopoly
• monopoly
O bank
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