Asked by Mateo Hoyos on Jul 11, 2024
Verified
(Last Word) 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.
Internet Market Structure
The organization and characteristics of online markets, including the nature of competition, pricing strategies, and the role of technology.
Competitive
A market structure characterized by a large number of small firms, freedom of entry and exit, and product homogeneity.
Dominant Position
A situation in which a business or entity holds a major share of the market or has a significant influence over the market conditions.
- Understand the role of the internet market structure and how major firms interact within it.
Verified Answer
Learning Objectives
- Understand the role of the internet market structure and how major firms interact within it.
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