Big Firms Such as Walmart Are

question 47

Multiple Choice

Big firms such as Walmart are:

• A) bad for consumers due to economies to scale
• B) good for consumers due to economies to scale
• C) good for consumers due to market power
• D) good for competing firms due to market power

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Definitions:

Whey

A liquid by-product of cheese production, rich in proteins and lactose, commonly used as a dietary supplement and in various food products.

Cocoa

A key agricultural commodity produced from the seeds of the cacao tree, used primarily in the making of chocolate.

Consumption

The use of goods and services by households.

Silver Bells

Typically associated with a song or decoration, especially around Christmas time; not a standard economic term.