According to J. Fred Weston, which of the following is a basic assumption of the antitrust view of oligopoly power?
a. Concentration leads to less interdependence and price competition among companies.
b. Concentration helps to ensure product differentiation leading to less need for advertising.
c. There is a negative correlation between concentration and profitability.
d. Concentration is due mostly to mergers, and a high degree of concentration is unnecessary.
Answer: D
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