Question

In the famous Du Pont cellophane case, the Supreme Court ruled that even though Du Pont had a 75 percent market share in cellophane, it did not have monopoly power in cellophane, because:

Answer 1

Answer:

other functionally equivalent products were available in the market.

Explanation:

Functionally equivalent: In business, the term "functionally equivalent" is described as different positions that generally consists of same status, role, and duties, and at the same time these positions require or need same training, qualifications, experience, and skills yet can possess different titles.

In the question above, the given statement represents "other functionally equivalent products available in the market".