20. A monopolist has to advertise a product heavily? * 1 point O a. true b. false 15. Facebook buying Instagram is an example of a company doing what? * 1 point a. Supporting a competitor O b. Facebook increasing its market power. c. Instagram increasing its market power. O d. all of the above. 2. One seller for an unlimited number of buyers is a: * a. Oligopoly b. Perfect competition c. Monopoly d. Monopolistic Competition Technology can sometimes destroy monopolies by:4. Technology can sometimes destroy monopolies by: * 1 point a. new technologies can make old businesses obsolete. b. making the monopoly illegal O c. making a monopoly play fair by observing the monopoly using technology. d. None of the above 1. In perfect competition there are: * I point O a. many buyers and less than five sellers. b. many buyers and many sellers so nobody can control prices c. many sellers and a limited number of buyers. O d. none of the above. 18. Which of the following market structures results in lower prices for *1 point customers? O a. perfect competition O b. monopolistic competition c. oligopolistic competition O d. none of the above