Contrary to classical economic theory,capitalism is now dominated by huge corporations that __________.
A) act in the best interest of the majority of Americans
B) distribute wealth equally among managers and employees
C) respond to the demands of the market
D) control the demands of the market

Question

Quizplus · Accepted Answer

Huge corporations have considerable market power and can alter the demands of the market in their favor, thereby controlling it to some extent. This is contrary to classical economic theory, which assumes perfect competition and no single player having control over the market.

Contrary to Classical Economic Theory,capitalism Is Now Dominated by Huge