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:

Open-ended Questions

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Double-barreled Questions

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Sampling

The process of selecting a portion of the population to represent the entire population, used in research to gather data and insights.

Phone Directories

Printed or digital listings of telephone subscribers in a particular geographical area including their names and addresses.