Advocates of the Argue That When Large Companies Are Allowed

question 94

Multiple Choice

Advocates of the argue that when large companies are allowed to merge, fix prices, and participate in joint ventures, jobs are lost and plants are shut down in some areas.

• A) preservation of small businesses and an economy characterized by many sellers competing with one another
• B) prevention of concentration of political and economic power in the hands of a few sellers in each industry
• C) preservation of local control of business and protection against the effects of labor dislocation
• D) promotion of the maximization of consumer welfare using market principles and efficiency criteria

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Definitions:

Evil Intentions

The desire or motivation to carry out actions that are considered morally wrong, harmful, or detrimental to others.

Actor-observer Effect

A psychological phenomenon in which people tend to attribute their own actions to external circumstances but others' actions to their personalities.

Dispositional Attributions

Explanations for behaviour based on an actor’s personality or intellect.

Situational Attributions

Explanations for behaviour based on an actor’s external situation or environment.