One Reason Why Critics Argue That Large Firms Should Not

question 186

Multiple Choice

One reason why critics argue that large firms should not be broken up is that in some cases

• A)large firms have a concentration of economic power.
• B)large firms are less-efficient producers.
• C)many smaller firms would be less-efficient producers.
• D)there is no economic reason to break up large firms that may have some control over the market.

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Definitions:

Legal Tender

Currency that must be accepted if offered in payment of a debt, as decreed by a country's government.

Exact Tender

The requirement for a payment in the precise amount owed, without needing change.

Customary

Practices or actions that are accepted and expected within a particular community or society, based on traditions or long-standing use.

Frustrated

In legal terms, it refers to a contract or agreement that has become impossible to execute as initially intended due to unforeseen circumstances.