Bigness, or Large Firms, May Benefit Consumers in Which of the Following

question 120

Multiple Choice

Bigness, or large firms, may benefit consumers in which of the following ways?

• A)Larger firms usually charge lower prices than smaller firms.
• B)Larger firms with monopoly power definitely have greater incentive to be efficient and innovative.
• C)Larger firms may take advantage of economies of scale and scope.
• D)Larger firms are more responsive to consumers' desires.

---

Definitions:

Panic Disorder

An anxiety disorder characterized by sudden periods of intense fear or discomfort accompanied by physical symptoms such as palpitations, sweating, and feelings of doom.

Genetic Predisposition

An increased likelihood of developing a particular disease based on a person's genetic makeup.

Bodily Sensation

Bodily sensation refers to any subjective feeling or experience of the body, including pain, temperature, touch, and internal physiological changes.

Paranoia

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, often disconnected from reality.