Contrary to classical economic theory, capitalism is now dominated by huge corporations that __________.
A) act in the best interest of the majority of Americans
B) distribute wealth equally among managers and employees
C) respond to the demands of the market
D) control the demands of the market
Answer D

Question

Quizplus · Accepted Answer

Capitalism today is often characterized by the presence of large corporations that have significant market power, enabling them to influence or control market demands rather than merely responding to them. This contrasts with classical economic theories that assume markets are primarily driven by numerous small firms in perfect competition.

Contrary to Classical Economic Theory, Capitalism Is Now Dominated by Huge