Local telephone service was once an area in which consumers had no choices. Many young people no

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Local telephone service was once an area in which consumers had no choices. Many young people no longer use “landlines,” preferring instead to use their cellular phones. This means that the market has moved toward

a. Monopoly.

b. Oligopoly.

c. Perfect competition.

d. Monopsony.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:32 AM

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Local telephone service was once an area in which consumers had no choices. Many young people no

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b Oligopoly Explanation Local ...View the full answer

Issues in Economics Today

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