Why is it problematic to have a concentration of ownership in any sector?
A) It is harder for new competitors to do business in the sector and established firms can work in collusion to artificially set prices
B) It is harder for new competitors to do business in the sector and workers can be denied danger pay
C) It is harder for new competitors to do business in the sector
D) Established firms can work in collusion to artificially set prices
E) None of the above

Question

Quizplus · Accepted Answer

A concentration of ownership in any sector can lead to reduced competition, as it becomes harder for new competitors to enter the market. Additionally, established firms may collude to set prices artificially high, which can harm consumers by limiting choices and increasing costs.

Why Is It Problematic to Have a Concentration of Ownership