Asked by Amber Hodge on Jun 01, 2024
Verified
The tablet-computer market is best characterized as a(n)
A) pure competition.
B) monopolistic competition.
C) oligopoly.
D) monopoly.
Tablet-computer Market
The sector of the electronics industry focused on the design, production, and sale of tablet computers.
Oligopoly
A market structure characterized by a few firms dominating the industry, leading to limited competition and often high prices for consumers.
- Understand the methods of interaction among principal firms involved in the Internet space and their market movements.
Verified Answer
CW
Cameron WilliamsJun 01, 2024
Final Answer :
C
Explanation :
The tablet-computer market is best characterized as an oligopoly because it is dominated by a few large firms, such as Apple, Samsung, and Microsoft, which have significant market power and influence over prices and innovation.
Learning Objectives
- Understand the methods of interaction among principal firms involved in the Internet space and their market movements.
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