Which of the following is an argument in support of market power?
A) Marginal cost pricing.
B) Economies of scale.
C) Price fixing.
D) Predatory pricing.

Name: Which of the following is an argument in support of market power? A) Marginal cost pricing. B) Economies of scale. C) Price fixing. D) Predatory pricing.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Economies of scale can lead to market power because larger firms can produce and sell goods at lower costs than smaller firms, giving them an advantage in the market.

Which of the Following Is an Argument in Support of Market