When the FTC Investigated Whether Firms Conspired to Fix Prices

question 23

Multiple Choice

When the FTC investigated whether firms conspired to fix prices of computer memory called dynamic random-access memory (DRAM) chips, Samsung, Micron Technology, Hynix Semiconductor, and Infineon controlled more than 75 percent of the market for DRAM chips. The market for these chips is most likely:

• A) monopolistic.
• B) perfectly competitive.
• C) monopolistically competitive.
• D) oligopolistic.

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