Multiple Choice
What do Spotify and Apple have in common?
A) Each achieved a dominant position in its industry because it owned a key input in the production of its product.
B) The industry in which each firm competes is an oligopoly because of government-imposed barriers to entry.
C) Each company was founded in the same state.
D) The profitability of each firm depends on its interactions with other firms.
Correct Answer:
Verified
Correct Answer:
Verified
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