When Near-Monopolies, Like Google in Internet Search and Amazon in Online

question 166

Multiple Choice

When near-monopolies, like Google in Internet search and Amazon in online shopping, start infringing on each other's turf, what kind of competition results?

• A)pure competition
• B)monopolistic competition
• C)oligopolistic competition
• D)legislated competition

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Definitions:

Products And Services

Goods sold and tasks performed by a business to satisfy the needs and wants of customers.

Policy Decision

A choice made by authorities or organizations regarding rules, actions, or standards that guide operations or govern behavior.

Retaliate

To respond to a perceived wrong by taking revenge or engaging in counteractions.

Congruence

The degree of alignment between an individual’s values, beliefs, and behaviors, or between different elements of an organization or system.