What are the reasons for the competitive advantage of large-scale industries in the market?

Lower cost of production

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Production of a variety of goods

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Better technology

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Low capital investment

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Solution

The correct option is C Better technology
The large-scale industries have a competitive advantage in the market. For example, they have better technique of production, a wider outreach to the market, and a lower cost of production. With such advantages, they can dictate the prices and drive small companies out of business. With such power, they monopolise the market.

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