Contrary to the allegations of some economists,there is evidence that the development,promotion,and diffusion of new techniques in an industry may benefit from
A) a diversity of firm sizes in the industry.
B) the concentration of production in the hands of a regulated monopolist.
C) perfect competition.
D) allowing the industry to form a cartel.
E) the nationalization of that industry.

Question

Quizplus · Accepted Answer

A diversity of firm sizes in an industry can promote competition and allow for experimentation and innovation. This can lead to the development, promotion, and diffusion of new techniques within the industry. Studies have shown that industries with a mix of large and small firms tend to have higher rates of innovation and productivity.

Contrary to the Allegations of Some Economists,there Is Evidence That