Which of the Following Is Not an Argument to Have

question 55

Multiple Choice

Which of the following is not an argument to have less antitrust enforcement?

• A)Global competitors put pressure on U.S.oligopoly industries.
• B)There is always a chance that new innovators will replace oligopoly firms.
• C)Oligopolies can lead to less output and higher prices.

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Definitions:

Servicing Customers

The process and practice of providing support, service, and assistance to customers or clients.

Direct Labor Time

The amount of time that workers directly involved in the production process spend on the manufacture of products, critical for costing and efficiency analysis.

Automated Production Line

A sequence of automated machines and workstations arranged to efficiently manufacture a product.

Activity-Based Costing

A pricing strategy that pinpoints various tasks within a company and allocates the expenses of each task to every product and service based on their real usage.