One Explanation for Why Oligopolies Exist Is That

One explanation for why oligopolies exist is that

A) it is easier to regulate a smaller number of firms
B) minimum efficient scale is small relative to the market,allowing a large number of firms to achieve minimum long-run average total cost
C) minimum efficient scale is large relative to the market,allowing only a few firms to achieve minimum long-run average total cost
D) minimum efficient scale may be greater than the market quantity demanded at the price equal to minimum long-run average total cost
E) competitive pricing drives firms from the market

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