Would the management of a ﬁrm in an oligopolistic or in a competitive industry be more likely to engage in what might be called ""socially conscious"" practices?

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ziaracorporan6412 ziaracorporan6412

24-09-2019
Business

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Would the management of a ﬁrm in an oligopolistic or in a competitive industry be more likely to engage in what might be called ""socially conscious"" practices?

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agustinsr99 agustinsr99 · Answer 1 · 2019-09-27T14:37:21+02:00

agustinsr99 agustinsr99

27-09-2019

Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.

Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.

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