ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What type of practice was exemplified by Microsoft Corporation’s insistence that manufacturers include only its Internet browser on their computers?
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monopolistic
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capitalistic
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oligopolistic
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socialistic
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Explanation:
Detailed explanation-1: -Perfect Competition is characterized by a number of well-informed independent buyers and sellers who exchange identical products.
Detailed explanation-2: -In a monopolistic market, products are differentiated. What is true of geographic monopolies? The often exist in areas where the customer base is small.
Detailed explanation-3: -A market structure is an economic model that allows economists to examine competition among businesses in the same industry.
Detailed explanation-4: -A demand curve or a supply curve is a relationship between two, and only two, variables: quantity on the horizontal axis and price on the vertical axis.
There is 1 question to complete.