Splitting Up a Monopoly Is Often Justified on the Grounds

question 426

Multiple Choice

Splitting up a monopoly is often justified on the grounds that

• A)consumers prefer dealing with small firms.
• B)small firms have lower costs.
• C)competition is inherently efficient.
• D)small firms produce higher quality products.

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Definitions:

Energy Calories

A unit of measure that indicates the amount of energy that food provides to the body.

Exocrine Gland

A type of gland that releases its secretions through ducts to an external or internal surface, such as sweat, salivary, and digestive glands.

Ducts

Channels or tubes in the body through which fluids or other substances are transported or secreted.

Colostomy

Incision of the colon for the purpose of making a more or less permanent opening.