Asked by Jailyn MackHandley on Jul 07, 2024
Verified
When near-monopolies, like Google in Internet search and Amazon in online shopping, start infringing on each other's turf, what kind of competition results?
A) pure competition
B) monopolistic competition
C) oligopolistic competition
D) legislated competition
Near-monopolies
Companies or entities that dominate a market to such an extent that they face little competition, often controlling prices and supply in the market.
Oligopolistic Competition
A market structure in which a few large firms dominate the market, with limited competition between them.
- Identify the strategies of interaction between key online companies and the dynamics of their markets.
Verified Answer
KR
Kaylin RicciJul 09, 2024
Final Answer :
C
Explanation :
Oligopolistic competition occurs when a few companies dominate a market. When giants like Google and Amazon compete in overlapping areas, they exemplify this form of competition, as both are dominant players in their respective fields and their entry into each other's markets increases competition among a small number of powerful firms.
Learning Objectives
- Identify the strategies of interaction between key online companies and the dynamics of their markets.
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