Which of the Following Is an Accurate Statement About near Monopolies

Multiple Choice

Which of the following is an accurate statement about near monopolies?

A) Near monopolies are medium-sized firms that have some market power and thereby can influence the industry structure to a certain extent.
B) Near monopolies are small firms in an industry that have differentiated products but little or no ability to raise their prices.
C) Near monopolies are firms that have accrued significant market power and thereby are changing the industry structure in their favor.
D) Near monopolies are a few large firms that dominate an industry and have differentiated products, high barriers to entry, and some degree of pricing power.