Multiple Choice
The telecommunication industry of United Canava is primarily dominated by three large firms, 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
Correct Answer:
Verified
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