question archive Do you think monopoly is the major cell phone companies such as Verizon, ATT, Sprint, and T-mobile or classified as Oligopoly?
Do you think monopoly is the major cell phone companies such as Verizon, ATT, Sprint, and T-mobile or classified as Oligopoly?
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Do you think monopoly is the major cell phone companies such as Verizon, ATT, Sprint, and T-mobile or classified as Oligopoly?
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Oligopoly market structure.
Cell phone companies such as T-mobile and ATT belong to the Oligopoly market since several cell phone production firms compete against one another. In cell-phone industries, the different provider has their price; hence there is no single firm possessing market power.
