According to Kuznets (1954), competition will
(a) unfairly destroy leading industries and impede overall economic growth across industries.
(b) require government intervention.
(c) push efficient industries into leadership roles and pull the backward and forward industrial links to these leaders with them.
(d) contract consumer market opportunities.
(c)
You might also like to view...
According to the law of demand, there is an inverse relationship between price and quantity demanded. That is, the demand curve for goods and services slopes downward. Why?
A. when the price of a good increases, consumers' purchasing power falls, and they cannot buy as much of the good as they did prior to the price change B. when price increases, quantity demanded increases C. when the price of a good increases, consumers purchases complementary goods that are now relatively less expensive D. A and C only
Stock options make managers who receive them have exactly the same goals as shareholders
Indicate whether the statement is true or false