Consider the Three Largest Cell- Phone Service Providers in Canada

question 107

Multiple Choice

Consider the three largest cell- phone service providers in Canada - Bell,Telus,and Rogers.If we observe that all three companies increase their monthly service fees simultaneously,we might conclude that

• A)they are engaged in predatory pricing.
• B)these firms have monopolized the industry.
• C)they are creating entry barriers to prevent entry by new firms.
• D)they are perfect competitors and they are unable to set the price.
• E)there is tacit collusion among these firms.

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Definitions:

Oscillation

A repetitive variation or fluctuation, typically in time, of a system about a central value or between two or more different states.

Eyes

Organs of the visual system that allow one to perceive light and convert it into electrochemical signals for interpretation by the brain.

Palpebral Conjunctiva

Conjunctiva that covers the inner surface of the eyelids.

Anterior Sclera

The front part of the sclera, the white outer coating of the eyeball, visible when looking at the eye.