Which of the following statements best describes the Internet market structure?
A. It is highly competitive, with many providers and no firms in a dominant position.
B. There are a few large firms, such as Google, Facebook, and Amazon, but they each
occupy their own niche and don't infringe on the others' territories.
C. There are a few large firms, such as Google, Facebook, and Amazon, each dominating a
particular sector but always trying to gain market share in another sector.
D. It is comprised of firms that have been granted monopolies by the government and are
highly regulated.
Answer: C
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The term "market basket" means a
A) collection of goods that can fit into an average shopping cart. B) collection of goods that changes every year and is defined by Congress. C) collection of goods that is used by a typical family. D) collection of goods that is purchased during a holiday season.
When the rate of interest (or price of capital) increases, the
a. quantity demanded of loanable funds by the firm will decrease b. quantity demanded of loanable funds by the firm will increase c. firm's MRP of capital increases d. firm's MPP of capital increases e. firm's MRP of capital decreases
The reason poor, young, unmarried women allow themselves to get pregnant is so they can get on welfare, according to conservatives like ____________.
Fill in the blank(s) with the appropriate word(s).
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:
A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.