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What Do Spotify and Apple Have in Common

Question 38

Multiple Choice
What do Spotify and Apple have in common?

What do Spotify and Apple have in common?


A) Each achieved a dominant position in its industry because it owned a key input in the production of its product.
B) The industry in which each firm competes is an oligopoly because of government-imposed barriers to entry.
C) Each company was founded in the same state.
D) The profitability of each firm depends on its interactions with other firms.

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