Which of the following is true regarding Benny's claim that he could not have a monopoly because Prudence was also operating a tour service?
A) He was correct.
B) He was incorrect; and if a company enjoys 70 percent of the relevant market, the court will usually hold that the firm has monopoly power.
C) He was incorrect; and if a company enjoys 60 percent of the relevant market, the court will usually hold that the firm has monopoly power.
D) He was incorrect; and if a company enjoys 51 percent of the relevant market, the court will usually hold that the firm has monopoly power.
E) He was incorrect; and if a company enjoys 40 percent of the relevant market, the court will usually hold that the firm has monopoly power.
Correct Answer:
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