The communications industry was historically dominated by "Ma Bell" or the Bell Telephone Company, which later became AT&T. Today, however, the communications industry includes AT&T as well as Verizon, Sprint, T-Mobile, and Nextel to name a few. Therefore, the communications industry is classified today as a(n) ________ compared to a(n) ___________ dominated by the Bell Telephone Company.

The communications industry was historically dominated by "Ma Bell" or the Bell Telephone Company, which later became AT&T. Today, however, the communications industry includes AT&T as well as Verizon, Sprint, T-Mobile, and Nextel to name a few. Therefore, the communications industry is classified today as a(n) ________ compared to a(n) ___________ dominated by the Bell Telephone Company.

The communications industry was historically dominated by "Ma Bell" or the Bell Telephone Company, which later became AT&T. Today, however, the communications industry includes AT&T as well as Verizon, Sprint, T-Mobile, and Nextel to name a few. Therefore, the communications industry is classified today as a(n) ________ compared to a(n) ___________ dominated by the Bell Telephone Company.



a. oligopoly; monopoly

b. monopoly; oligopoly

c. pure competition; monopolistic competition

d. limited competition; monopolistic competition



Answer: a. oligopoly; monopoly


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