An Important Defence of Oligopoly as a Market Structure Is

Multiple Choice

An important defence of oligopoly as a market structure is that

A) it involves less allocative inefficiency than monopoly.
B) it results in lower prices than perfect competition.
C) it is the most efficient available alternative when the minimum efficient scale is large.
D) it generates less unused capacity than monopolistic competition.
E) it is more productively efficient than monopoly.