According to Alfred Chandler (1977) ,big business could be justified,at least in part,by
A) a rapid rate of innovation among big firms.
B) periodic recessions in which alert big businessmen buy out bankrupt firms and expand operations.
C) a relatively low rate of bankruptcies among big firms.
D) its ability to take advantage of scale economies-big business could best take advantage?of technology and economies resulting from large-scale production processes.
Correct Answer:
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