Three Large Firms Dominate the Telecommunication Industry of United Canava

Three large firms dominate the telecommunication industry of United Canava: AD Telecom Inc., Mystic Telecom Corp., and Total Talk Inc. Instead of cutting prices competitively, these firms have resorted to non-price competition through branding and product differentiation. Which of the following industry competitive structures are these companies most likely in?

A) monopoly
B) perfect competition
C) monopolistic competition
D) oligopoly

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free