In the 1960s,each Firm in the Computer Industry Was Able

question 110

Multiple Choice

In the 1960s,each firm in the computer industry was able to make extremely large profit margins,some as high as 50 to 60 percent.The margin decreased to 20 to 40 percent in the 1970s and to 10to 20 percent in the 1980s.We conclude that:

• A) market power increased in the two decades.
• B) the industry evolved from oligopolistic to a more competitive industry in the two decades.
• C) lower profit margins were due to the government's regulation to protect consumers.
• D) lower profit margins were largely due to the mismanagement of computer firms.

---

Definitions:

Trigonometry

A branch of mathematics that studies the relationships between the sides and angles of triangles.

Formulas

Predefined instructions in mathematics or chemistry that provide a method for solving problems or equations.

Imagery

The use of descriptive language to create mental images for the reader or listener, enhancing the sensory experience of a text.

Loci

A method of memory enhancement which uses visualizations with the use of spatial memory, familiar information about one's environment, to quickly and efficiently recall information.