The Collapse of AT&T's Natural Monopoly in Long-Distance Telephone Service

question 3

Multiple Choice

The collapse of AT&T's natural monopoly in long-distance telephone service was caused by

• A) Satellite technology that made it easier and less expensive for new companies to provide long-distance service.
• B) The takeover of the telephone industry by the U.S. government.
• C) Government regulation because of illegal collusion between AT&T and foreign competitors.
• D) Inadequate profits.

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Definitions:

Integrated Supply Chain

A holistic approach to supply chain management that emphasizes the coordination and synchronization of all elements of the supply chain, from raw materials to end customer.

Financials

Pertains to the monetary aspects and performance of a business, including income, expenses, and profitability.

Products And Services

The combination of physical goods and intangible services that are offered by a business to satisfy the needs and wants of consumers.

Flexible Production

A manufacturing approach that allows for quick adjustments to production processes and product types to meet changing market demands.