In the Personal Computer Market, Some Large Manufacturers Are Able

question 49

Multiple Choice

In the personal computer market, some large manufacturers are able to buy computer components (e.g., disk drives, flat-screen monitors, and memory chips) and software at lower prices than smaller firms in the market. This outcome indicates that the large firms enjoy some degree of ________ in this market.

• A) monopoly power
• B) oligopoly power
• C) oligopsony power
• D) monopsony power

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Definitions:

Open Office

An office layout without walls or barriers, designed to promote communication and collaboration among employees.

Cohesive

Characterizing elements that stick together strongly, producing a unified whole.

Motivated

refers to the internal drive or desire within individuals that prompts them towards action or achieving goals.

Attracted

The act of drawing interest or attention, often used in marketing to describe how consumers are drawn to products, services, or brands.