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

question 262

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:

Break Even

The point at which total revenues equal total costs, resulting in neither profit nor loss.

Variable Costs

Costs that change in proportion to the level of activity or volume of production in a business.

Capacity Alternatives

Different options or strategies a business may consider to adjust or increase its capacity to meet demand.

Market Acceptance

The degree to which a new product, service, or business model is embraced by potential customers and the market at large.