High profits in a specific industry indicate that consumers are satisfied with the mix of output.

Name: High profits in a specific industry indicate that consumers are satisfied with the mix of output.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

High profits in a specific industry can result from a variety of factors such as market power, lack of competition, or innovation, and do not necessarily indicate that consumers are satisfied with the mix of output.

High Profits in a Specific Industry Indicate That Consumers Are