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.

Question

Quizplus · Accepted Answer

The text mentions that the exercise of market power can result in a higher price for consumers. This is a convincing argument against concentration of market power as it can lead to reduced consumer welfare and limit competition in the market. The other options, such as increased incentives for innovation and lower barriers to entry, are arguments in favor of concentration of market power but are not convincing enough to outweigh the potential negative effects on consumers.

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