Question

What have been the consequences of Dutch Reforms in terms of price competition, market concentration, and consumer mobility?

a) Increased price competition, higher market concentration, reduced consumer mobility
b) Decreased price competition, lower market concentration, increased consumer mobility
c) Increased price competition, lower market concentration, increased consumer mobility
d) Decreased price competition, higher market concentration, reduced consumer mobility

Answer 1

The consequences of Dutch Reforms in terms of price competition, market concentration, and consumer mobility are increased price competition, lower market concentration, and increased consumer mobility.

Step-by-step explanation:

The consequences of Dutch Reforms in terms of price competition, market concentration, and consumer mobility are:

1. Increased price competition: Dutch Reforms aim to promote competition among firms, which leads to lower prices for consumers as companies strive to attract customers through competitive pricing.
2. Lower market concentration: The reforms aim to reduce the dominance of a few large firms in the market, promoting a more diverse and competitive marketplace.
3. Increased consumer mobility: With increased price competition and lower market concentration, consumers have more choices and are more likely to switch between different products or brands based on price and quality.