Source: https://www.forbes.com/sites/walterloeb/2014/11/20/amazons-pricing-strategy-makes-life-miserable-for-the-competition/?sh=63ce650e5c60

https://money.cnn.com/2016/04/20/technology/google-android-lawsuit-europe

1/ During the Christmas shopping season we will see Amazon change prices on as many as 80 million products during a single day.

Group of answer choices

True

False

2/ How does Amazon's pricing strategy affect other retailers?

Group of answer choices

Retailers do not match all competitor prices.

Retailers use MR = MC to maximize their profits.

Retailers have their prices fixed.

Retailers match all competitor prices.

3/ What market structure would you describe Amazon as operating in?

Group of answer choices

Oligopoly - contestable market.

Oligopoly - cartel.

Perfect competition.

Monopoly.

4/ What was Google recently charged with?

Group of answer choices

Making low quality products.

Android monopoly antitrust lawsuit. In that "take-it-or-leave-it" approach, Europe says Google has illegally abused its market dominance.

Nothing.

Illegal fees.

5/ What did Google specifically do?

Group of answer choices

Customers cannot delete those apps.

When licensing Android, Google requires smartphone makers to load 11 core Google apps onto the phone before a customer buys it.

All answers are correct.

The apps need to be at least one swipe away from the home screen.

6/ What was the market share of Android devices in Europe?

Group of answer choices

100%.

50%.

20%.

80%.

7/ What was the potential fine amount?

Group of answer choices

$20 billion.

$1 billion.

$7 billion.

$10 billion.