Which of the Following Best Explains Why Monopolies or Oligopolies

question 40

Multiple Choice

Which of the following best explains why monopolies or oligopolies tend to dominate the market for network goods? I. Their products are the most likely to be compatible with other products. II. They produce the "best" products in terms of quality and compatibility. III. The power of coordination is so strong that monopolists and oligopolists can dominate the market even when they charge prices higher than their competitors.

• A) I only
• B) I and II only
• C) I and III only
• D) I, II, and III