7. Computer operating systems are dominated by two big players: Apple and Microsoft Windows while big tech companies are also concentrated on the internet with Google, Facebook and Amazon dominating the market. These are examples of a(n) ________.

Group of answer choices

Government monopoly

Pure monopoly

Pure competition

Oligopolistic competition

Monopolistic competition

8. Apple consistently has introduced new phones at very high prices to obtain maximum revenue from the innovators and early adaptors willing to pay this price. Apple always insure that the quality, image and innovation warrant these prices. Over time, Apple starts to drop the price to attract more customers. What pricing strategy is this?

Group of answer choices

Competitor pricing

Price penetration

Market-based pricing

Price skimming

Cost-bsed pricing