When technology enables the best service provider in a field to supply a huge number of buyers instead of being limited to a small market, the larger market may become:
A)highly competitive.
B)characterized by losses on average.
C)dominated by one "superstar" provider.
D)an efficiency market.

Question

Quizplus · Accepted Answer

When technology enables a superstar provider to reach a larger market, they can gain significant advantages over their competition and dominate the market. This is due to economies of scale, network effects, and other factors. As a result, smaller competitors may become unable to compete, leading to a market dominated by the superstar provider.

When Technology Enables the Best Service Provider in a Field