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GENEVIEVE KOCHEL
on Dec 13, 2024

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The Federal Trade Commission investigated Google as potentially being a(n) ________, but found that despite its very large market share, it had not harmed competition.

A) pure competitor
B) oligopoly
C) pure monopoly
D) monopolistic competitor
E) megopoly

Federal Trade Commission

A U.S. government agency responsible for protecting consumers and enforcing antitrust law to ensure fair competition in the marketplace.

Pure Monopoly

A market structure where a single company is the sole provider of a product or service, facing no direct competition.

Market Share

The proportion of total sales in a market or industry attributed to a specific company during a defined time frame.

  • Acknowledge and demarcate the distinctions in diverse types of market competition.
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Victoria BillingsDec 19, 2024
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