Multiple Choice
Among the various Internet and tech industries such as search, social networking, and operating systems:
A) firms like Google, Facebook, and Microsoft each dominate a particular market, yet remain active in the other markets to keep pressure on the dominant rivals in those markets.
B) government antitrust regulations keep these markets highly competitive.
C) firms such as Google, Facebook, Apple, and Microsoft have colluded so that each has a monopoly in its respective market.
D) competitive pressures keep prices and profits relatively low.
Correct Answer:
Verified
Related Questions
Q6: Which statement concerning monopolistic competition is false?
A)
