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. perfect competition
B. monopoly
C. oligopoly
D. monopolistic competition
Answer: C
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What will be an ideal response?
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a. Determine customer waiting times b. Determine the number of customers waiting in queue c. Identify appropriate suppliers d. Assist in capacity decisions
Which of the following statements is true about net worth??
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