Use the Following Statements to Answer This Question: I

question 18

Multiple Choice

Use the following statements to answer this question: I. Under the dominant firm model, the dominant firm effectively acts like a monopolist who is facing the excess market demand that cannot be supplied by the fringe firms.
II) Under the dominant firm model, the fringe firms also act like profit maximizing monopolists.

• A) I and II are true
• B) I is true and II is false
• C) I is false and II is true
• D) I and II are false

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Definitions:

Dialog Box

A small window that pops up in a GUI (Graphical User Interface) to provide information to the users or to request input from them.

Italic Button

A user interface control in text editors and word processors that applies the italic style to selected text, making it slant to the right.

Quick Access Toolbar

A customizable toolbar in Microsoft Office applications that provides easy access to frequently used commands.

File Tab

A control element in software applications like Microsoft Office, providing access to file and application specific commands such as Open, Save, and Print.