Single Answer MCQ
Q-00015531
Which aspect of market behavior can lead to exploitation of consumers?
1
Diverse product choices
2
High competition among sellers
3
Concentration of powerful producers
4
Transparency in transactions
Answer and Solution
Answer
C. Concentration of powerful producers
Solution:
When producers are concentrated and powerful, they can exploit consumers' lack of choices. Options 1 and 2 outline healthy market conditions, while option 4 is not relevant here.
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