Splitting up a monopoly is often justified on the grounds that
a. consumers prefer dealing with small firms
b. small firms have lower costs
c. competition is inherently efficient
d. nationalization is a less preferred option
e. monopolies are inevitable and desirable
C
Economics
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Recession is the opposite of
A) economic growth. B) economic decay. C) stagflation. D) inflation. E) deflation.
Economics
The above table gives some production and cost information for Flaming Fernando's, a restaurant that sells Fiery Frijoles. Between what two levels of output does the marginal cost of producing Fiery Frijoles first begin to rise?
A) 0 and 1000 B) 1000 and 3000 C) 3000 and 4000 D) 4000 and 4500
Economics