Which of the Following Is True Regarding Benny's Claim That

question 55

Multiple Choice

Which of the following is true regarding Benny's claim that he could not have a monopoly because Prudence was also operating a tour service?

• A) He was correct.
• B) He was incorrect; and if a company enjoys 70 percent of the relevant market, the court will usually hold that the firm has monopoly power.
• C) He was incorrect; and if a company enjoys 60 percent of the relevant market, the court will usually hold that the firm has monopoly power.
• D) He was incorrect; and if a company enjoys 51 percent of the relevant market, the court will usually hold that the firm has monopoly power.
• E) He was incorrect; and if a company enjoys 40 percent of the relevant market, the court will usually hold that the firm has monopoly power.

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Definitions:

Physiological Needs

The basic physical requirements for human survival, such as air, water, food, shelter, and sleep, as identified in Maslow's hierarchy of needs.

Maslow's Hierarchy

A psychological theory proposing that human needs are arranged in a hierarchy, with basic needs like safety and physiological needs at the bottom, and self-actualization at the top.

Shelter

A place giving temporary protection from bad weather or danger.

Achievement

Success or attainment reached through effort, skill, or courage.