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
b. oligopoly
Oligopolies are groups of companies that control a large portion of a market, allowing them to manipulate prices and reduce costs. Lower costs in an oligopoly can lead to more money being available for research and development, ultimately benefiting the economy as a whole.