(Last Word)Which of the Following Statements Best Describes the Internet

question 69

Multiple Choice

(Last Word) Which of the following statements best describes the Internet market structure?

• A) It is highly competitive,with many providers and no firms in a dominant position.
• B) There are a few large firms,such as Google,Facebook,and Amazon,but they each occupy their own niche and don't infringe on the others' territories.
• C) There are a few large firms,such as Google,Facebook,and Amazon,each dominating a particular sector but always trying to gain market share in another sector.
• D) It is comprised of firms that have been granted monopolies by the government and are highly regulated.

---

Definitions:

Capitalist Income

Income generated from the ownership of capital assets, such as profits from business investments, interest on loans, or dividends from stocks.

Corporate Profits

The earnings of a corporation after all expenses have been deducted from revenues.

Labor Unions

Organizations formed by workers from related fields that work for the betterment of their members' employment conditions.

Proprietors' Income

Earnings received by owners of unincorporated businesses from their business activities.