question archive 1)From a technical standpoint, electronic information goods, like PDFs, MP3s, videos, etc
1)From a technical standpoint, electronic information goods, like PDFs, MP3s, videos, etc
Subject:MarketingPrice:2.88 Bought3
1)From a technical standpoint, electronic information goods, like PDFs, MP3s, videos, etc. are examples of _____.
a. monopoly
b. oligopoly
c. imperfect competition
d. perfect competition
e. public goods market
2)OPEC is an example of _____.
a. monopoly
b. oligopoly
c. imperfect competition
d. perfect competition
e. public goods market
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1)The correct option is c. imperfect competition
Explanation:
The market for electronic good is the place with imperfect information as sellers try to sell duplicate accessories using the irrelevant branding techniques. There are various small firms that uses duplicate automobiles and sell them in high rates.
2)The correct answer is b. oligopoly
Explanation: OPEC is a cartel of petroleum firms that form a small group and undertake business activities together. Therefore, this is an example of an oligopoly because, in oligopoly, there are few business organizations that form a group and rule the market together.
