객관식
An increase in personal income taxes will cause a(n):
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0. Basic Principles of Economics
Introduction to Economics
객관식
Economies of scale and scope, cost complementarity, and patents are all sources of which type of power?
A
political
B
market
C
consumer
D
labor
검증된 단계별 안내1
Step 1: Understand the key terms in the question: Economies of scale refer to cost advantages that a firm obtains due to expansion, economies of scope refer to cost advantages from producing a variety of products together, cost complementarity means that producing goods jointly reduces costs, and patents provide legal protection that can limit competition.
Step 2: Recognize that these concepts relate to a firm's ability to influence its competitive environment and pricing, which is a characteristic of market power.
Step 3: Differentiate market power from other types of power such as political power (influence over government), consumer power (influence by buyers), and labor power (influence by workers).
Step 4: Conclude that economies of scale, economies of scope, cost complementarity, and patents are all sources that enable a firm to have market power by reducing costs or limiting competition.
Step 5: Therefore, the correct classification of these sources is 'market power'.
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