YankiTybmbujj YankiTybmbujj

16-07-2016
Social Studies

Answered

is the cell phone industry a natural monopoly or oligopoly?

Verified Answer :

Abbottboy Abbottboy

16-07-2016

Oligopoly. there are several major players, and for a new player to enter the market would require huge financial resources. A monopoly is when a single company owns the entire market, i.e., Apple on smart phones the year iPhone was released.

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