Register

The development of market power by a firm is considered to be a market failure because firms with market power will

The development of market power by a firm is considered to be a market failure because firms with market power will
199k views
3 votes
The development of market power by a firm is considered to be a market failure because firms with market power will

User Pablo Figueroa
by
7.5k points

1 Answer

4 votes
The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
User Suzane
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!