Question

If competition decreases in a certain industry select one:

a. a company that is in that industry may have and exert more economic power.

b. prices will most likely be lower in that industry

c. resources will be allocated more efficiently

d. it would not matter because competition has very little affect in a market economy. question 2 not yet answered marked out of 1.00 not flagged flag question question text the sherman anti-trust act

Answer 1

The correct option is A. Competition is a useful force that moderates the affairs of producers on the market floor for the benefits of the consumers. When this forced is decreased or removed in a particular industry, it enables the individuals in that industry to exert more economic and political power since there are no rivals to compete with them.