Author Question: In the personal computer market, some large manufacturers are able to buy computer components (e.g., ... (Read 130 times)

burton19126 · **on:** Jul 1, 2018

In the personal computer market, some large manufacturers are able to buy computer components (e.g., disk drives, flat-screen monitors, and memory chips) and software at lower prices than smaller firms in the market.

This outcome indicates that the large firms enjoy some degree of ________ in this market. A) monopoly power
B) oligopoly power
C) oligopsony power
D) monopsony power

Question 2

A high marginal tax rate reduces work incentives.

Indicate whether the statement is true or false