High concentration in most individual industries is:
A) desirable because it better enables firms to coordinate their activities and policies to best serve the consuming public.
B) desirable because it leads to more intensive competition.
C) undesirable only because it is unfair to small businesspeople.
D) undesirable because it is thought to lead to less effective competition and to inefficient allocation of resources.
E) cannot be deemed desirable or undesirable on the grounds listed above.
Correct Answer:
Verified
Q5: Which of the following is true in
Q6: Use the following to answer questions :
Table
Q7: What are the factors at work in
Q8: Oligopoly means
A)one seller.
B)two sellers.
C)a few sellers.
D)a regulated
Q9: Use the following to answer questions :
Figure
Q11: Collusive oligopoly produces prices and quantities very
Q12: A concentration ratio measures:
A)the number of firms
Q13: Use the following to answer questions :
Table
Q14: Since few firms are able to develop
Q15: The difference between a concentration ratio and
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