According to the Text, a Convincing Argument Against Concentration of Market

question 103

Multiple Choice

According to the text, a convincing argument against concentration of market power is that

• A) Market power increases incentives for innovation and invention.
• B) Market power results in lower barriers to entry.
• C) The exercise of market power results in a higher price.
• D) Large firms can produce more efficiently than small firms because of diminishing returns in production. Economies of scale may help monopolies reduce costs, but because of their market power, they will retain the cost savings rather than pass them along to the consumer in the form of lower prices.

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Definitions:

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The present-day issues or topics that are of interest or importance to an individual or society.

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Objectives or aims centered on achieving growth or progress in specific areas, often within a developmental context such as psychological, physical, or emotional growth.

Personal Goals

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