There is a growing market for buying and selling information about the online behavior of consumers. Most people use one of only a small number of search engines (such as Google, Bing, or Yahoo) when surfing the net.
It has been hard for new search engines to gain any market share. The market for search is best considered as A) perfectly competitive.
B) oligopoly.
C) monopolistically competitive.
D) monopoly.
Question 2
Agave, Six Feet Under, Globe, Silk, Sotto Sotto and Zocalo are all restaurants in Atlanta. In this monopolistic market, economic profit would encourage ________, which decreases the ________ for each firm's meals.
A) entry; demand
B) entry; supply
C) exit; demand
D) exit; supply
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