If a firm has a market share that exceeds_______ percent, most courts will conclude that the firm is a monopoly and if the market share exceeds _______percent, the courts are likely to conclude that the firm is coming "dangerously close" to being a monopoly.
A)75; 50
B)99; 50
C)90; 75
D)80; 60

Question

Quizplus · Accepted Answer

A firm with a market share exceeding 75% is often considered a monopoly, while a market share above 50% suggests the firm is nearing monopoly status.

If a Firm Has a Market Share That Exceeds_______ Percent