The U.S. Internet search market:
A. is best characterized by pure competition.
B. is dominated by Google, which controls about 70 percent of the market.
C. has a few prominent firms that each possesses a relatively equal market share.
D. has no barriers to entry.
Answer: B
Economics
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A) raises; raises B) raises; lowers C) lowers; lowers D) does not change; the Fed raises E) lowers; raises
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An industry with only two competing firms is called a ________
A) duopoly B) perfect competition C) monopoly D) monopolistic competition
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