7. Concentration in markets often leads to price above marginal cost and output below the efficient level.

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7. Concentration in markets often leads to price above marginal cost and output below the efficient level. Market concentration, however, can also lead to gains from economies of scale and may promote innovation.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Nov 11, 2024 10:09 AM

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7. Concentration in markets often leads to price above marginal cost and output below the efficient level.

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Principles Of Microeconomics

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