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28 December, 12:46

ABC Software charges a price for its video games that maximizes its profits. This company most likely functions in a market.

collusin

single seller

competitive

+4
Answers (2)
  1. 28 December, 13:06
    0
    I believe the answer is: Single seller

    A single seller market is another name for a monopolistic market. In this market, only one company/organization control the sales of a certain product.

    Since there is no competitor in the market, a single seller company could increase the price of its product as high as it can to maximize profit without worries since the consumers do not have any other option.
  2. 28 December, 14:16
    0
    This company functions in a single seller kind of market. The correct option among all the options that are given in the question is the second option. Since the company ABC Software is getting the maximum amount of profit by selling its video games, it can be assumed that there are no competitor companies.
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