Consider the Three Largest Cell-Phone Service Providers in Canada -

question 24

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

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among nations.

Income Inequality

The unequal distribution of income among individuals or households within a society or economy.

China

A country in East Asia, known for being the world's most populous nation and having a rich history, diverse culture, and significant economic influence globally.

Sub-Saharan Africa

The region of Africa located south of the Sahara Desert, characterized by diverse cultures, languages, and histories.