![]() ![]() Then you must include on every physical page the following attribution: If you are redistributing all or part of this book in a print format, Want to cite, share, or modify this book? This book uses the Today, the broadcasting, computer, telephone, and video industries are converging as companies consolidate through merger and acquisition. The 1996 Telecommunications Act changed the competitive environment yet again by allowing local phone companies to offer long-distance service in exchange for letting competition into their local markets. Other companies such as MCI and Sprint entered the fray and built state-of-the-art fiber-optic networks to win customers from the traditional providers of phone service. ![]() government divided the company into seven regional phone companies in 1984, opening the door to greater competition. At one time, AT&T had a monopoly on long-distance telephone service nationwide. The market structure of an industry can change over time. Many antitrust cases-legal challenges arising out of laws designed to control anticompetitive behavior-occur in oligopolies. Sometimes they go so far as to coordinate their pricing and output decisions, which is illegal. Thus, the firms in an oligopoly watch one another closely for new technologies, product changes and innovations, promotional campaigns, pricing, production, and other developments. With so few firms in an oligopoly, what one firm does has an impact on the other firms.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |