The market power that your university's bookstore has now, compared with the 1990s, is limited by:
A) New competition laws.
B) Public goods provided by the government.
C) University policies against monopoly power.
D) Increased access to other booksellers provided by the internet.

Question

Quizplus · Accepted Answer

Increased access to other booksellers provided by the internet has limited the market power of the university bookstore as more students can now buy textbooks from various online booksellers rather than relying solely on the university bookstore. This has increased competition and reduced the bookstore's ability to control prices and availability of textbooks.

The Market Power That Your University's Bookstore Has Now, Compared