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Which of the following statements is most accurate about the Internet and tech companies? A) The markets they operate in are monopolistically competitive. B) Firms
Which of the following statements is most accurate about the Internet and tech companies?
- A) The markets they operate in are monopolistically competitive.
- B) Firms that dominate one market will use large profits from that industry to put competitive pressure on rivals in other markets.
- C) Collusion among firms means that each industry is fully monopolized.
- D) The most dominant firms in each market only hold about 30 percent of the market share.
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