Which field of economics studies how the number of firms affects the prices in a market and the efficiency of market outcomes?
A)macroeconomics
B)industrial organization
C)labor economics
D)monetary economics

Question

Quizplus · Accepted Answer

Industrial organization is the field of economics that studies how the number of firms affects the prices in a market, as well as the efficiency of market outcomes. It focuses specifically on analyzing market structures, such as monopoly, oligopoly, and perfect competition, to understand how they impact various economic factors.

Which Field of Economics Studies How the Number of Firms