Asked by Grace Parker on May 04, 2024
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(Last Word) Major Internet-related firms such as Google,Apple,Amazon,Microsoft,and Facebook each has an area of the market that it dominates.Which of the following is true about their interaction in the market?
A) They tend to act independently,paying little attention to what the other firms do.
B) They collude so that each firm retains a near-monopoly in a particular sector without facing threats from the other major firms.
C) They behave according to a price leadership model,with each firm taking a leadership role in the particular sector it dominates.
D) They compete fiercely as each looks for ways to increase profits by expanding into rivals' markets.
Internet-Related Firms
Companies whose primary business model is based on internet technologies, services, or platforms.
Market Dominates
When a single company or entity has a large enough share to control or influence the market terms, prices, and conditions significantly.
Near-Monopoly
A market structure where one firm predominates but does not solely control the market, allowing for minor competition.
- Comprehend the function of the internet market framework and the interaction between leading companies within this environment.
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Learning Objectives
- Comprehend the function of the internet market framework and the interaction between leading companies within this environment.
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