According to the Text,one Argument in Favor of Concentration of Market

question 116

Multiple Choice

According to the text,one argument in favor of concentration of market power is that

• A)Market power always increases incentives for innovation and invention.
• B)Market power results in higher prices and lower quantities.
• C)The exercise of market power provides a more desirable mix of output.
• D)Large firms can sometimes produce more efficiently than small firms because of economies of scale in production.

---

Definitions:

Territorial Conflict

A dispute over land ownership, boundaries, or control between two or more entities, often leading to tension or conflict.

Portuguese Trade

The period of commerce from the 15th to the 17th centuries when Portugal established a global trading network, including routes to Africa, Asia, and Brazil.

Woodblock Print

A technique of printing texts, images, or patterns used historically throughout East Asia, involving carving an image into a block of wood, inking it, and then pressing it onto paper or fabric.

Ando Hiroshige

A renowned Japanese ukiyo-e artist, famous for his landscapes and depictions of birds and flowers, active during the Edo period.