# The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ? with Answer - Economics Mcqs | TestPrep

> Solved MCQ: The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ? Correct Answer: D. lower wages extracted from workers. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?

Direct Answer & Quick Reference

The correct option is **D. lower wages extracted from workers**.

A. R&D generating welfare improved technology

B. development of more productive machinery

C. new work rules promoting workers efficiency

D. lower wages extracted from workers **(Correct Answer)**

✨ Explain with AI

Verified Key: D. lower wages extracted from workers
Solved by 4,907+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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