Adecrease in competition within an industry can result in
a. more efficient resource allocation.
b. lower prices.
c. a firm wielding economic and political power.
d. increased output.

The correct answer to this question is letter "b. lower prices." A decrease in competition within an industry can result in lower prices. This is not a good sign for the country to improve its economy. This will bring down the nation's GNP and as well as less people will be employed.

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