Ask Question
BusinessBusiness
14 September, 17:34

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

+1
Answers (1)
  1. 14 September, 19:46
    0
    d. oligopoly

    Explanation:

    An oligopoly is a market structure with very few suppliers that dominated a large market. The few firms sell a homogeneous or differentiated product. Due to their few numbers, each firm can set its price. Oligopolies are characterized by heavy advertising. The firm usually collaborates to attain maximum benefits from the markets. Other characteristics of an oligopoly.

    Barriers to entry: Other firms may find it hard to enter the market due to market domination by the existing firms and high start-up costs. Interdependence of firms Non - price competition A large number of consumers
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Three large firms dominate the telecommunication industry of United Canava: AD Telecom Inc., Mystic Telecom Corp., and Total Talk Inc. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A user tells a technician that the printer does not respond to attempts to print a document. the technician attempts to print a document and the printer does not output any pages.
Answers (1)
Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $480,000, and direct labor costs to be $240,000.
Answers (1)
When a company increases its growth rate by taking goods or services developed at home and selling them internationally it is?
Answers (1)
Which of the following bases of power emphasizes threatening or actual punishment? A. Legitimate B. Reward C. Coercive D. Referent
Answers (2)
Matthew exchanges an investment apartment building for a parcel of land. The apartment building has a fair market value of $80,000 and an adjusted basis of $95,000. The land's value is $60,000. Matthew receives $20,000 cash in the exchange.
Answers (1)
New Questions in Business
It's important to know whether you've paraphrased and cited source material for your paper correctly so you avoid plagiarism. Read the original quote below and the two attempts to paraphrase it.
Answers (1)
If the inflation rate increases faster than their income. True or False
Answers (1)
Which type of wan connection is not shared with other users and has continuously available communications channels?
Answers (1)
The Hondasaki Motorcycle Company has a normal two-stage absorption job-order costing system. They close over - or under-applied overhead directly into Cost of Goods Sold, and use expected production as their activity base.
Answers (1)
Molen Inc. has an outstanding issue of perpetual preferred stock with an annual dividend yield of 7.50% and a par value of $60. If the market value for the preferred stock is $70, what is the required return on this preferred stock?
Answers (1)
Home » Business » Three large firms dominate the telecommunication industry of United Canava: AD Telecom Inc., Mystic Telecom Corp., and Total Talk Inc.
Sign Up Forgot Password?