A decrease in competition within an industry can result in

a. more efficient resource allocation.

b. lower prices.

c. a firm wielding economic and political power.

d. increased output.

Question

Keith Roy

History

18 April, 01:59

A decrease in competition within an industry can result in

a. more efficient resource allocation.

b. lower prices.

c. a firm wielding economic and political power.

d. increased output.

+5

Answers (1)

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Peter Huff · Answer 1

The correct answer to this question is letter "b. lower prices." A decrease in competition within an industry can result in lower prices. This is not a good sign for the country to improve its economy. This will bring down the nation's GNP and as well as less people will be employed.

A decrease in competition within an industry can result ina. more efficient resource allocation.b. lower prices.c. a firm wielding economic and political power.d. increased output.

A decrease in competition within an industry can result in

a. more efficient resource allocation.

b. lower prices.

c. a firm wielding economic and political power.

d. increased output.