Case 25-1 Both at Work and in Her Personal Life

question 23

Multiple Choice

Case 25-1 Both at work and in her personal life, April uses many different forms of electronic communication. Every day she uses the Internet to transmit and receive information in a variety of ways. In the morning, April spends a few minutes posting personal journal entries to her ____.

• A) VoIP
• B) blog
• C) chat room
• D) message board

---

Definitions:

Oligopolists

Companies or entities that dominate a particular market, where a few businesses hold significant market share, potentially affecting prices and competition.

Cartel Members

Companies or countries that agree to control production and prices, often to limit competition and maximize collective profits.

Collusive Agreements

Secret or illegal cooperation or conspiracy, especially between competing entities, to cheat or deceive others.

Monopolist

A market participant, individual, or company that holds exclusive control over the supply of a particular good or service, potentially manipulating prices.