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.

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Definitions:

Demands

The requirements or pressures placed upon an individual or organization, which may range from work-related tasks to social expectations.

Human Relations Movement

A management philosophy that emphasizes the importance of considering workers' psychological and social needs to increase productivity and job satisfaction.

Fatigue

A state of physical or mental weariness resulting from exertion or prolonged stress.

Productivity

Measures the efficiency of production in terms of the output of goods and services relative to the input of resources.