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.

Question

Quizplus · Accepted Answer

Larger firms may take advantage of economies of scale and scope, which can lead to lower costs and lower prices for consumers.

Bigness, or Large Firms, May Benefit Consumers in Which of the Following