According to the Text,one Argument in Favor of Concentration of Market

question 116

Multiple Choice

According to the text,one argument in favor of concentration of market power is that

• A)Market power always increases incentives for innovation and invention.
• B)Market power results in higher prices and lower quantities.
• C)The exercise of market power provides a more desirable mix of output.
• D)Large firms can sometimes produce more efficiently than small firms because of economies of scale in production.

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Definitions:

Incoherently

An adverb describing speech or thought that is difficult to understand due to lack of clarity or logical connection.

Distractibility

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A psychological condition marked by a continuously low mood or a lack of enthusiasm for activities, leading to considerable disruption in daily functioning.

Dehydration

A condition resulting from excessive loss of body water, affecting the body's normal functions.