There Is Often Only One Provider of Cable Television Services

question 76

Multiple Choice

There is often only one provider of cable television services in each region of the country: Time Warner is in New York, Comcast is in most of New England, and so forth. When Comcast proposed a plan to buy Time Warner, the purchase ultimately could not be completed, mostly due to concerns that it would have caused Comcast to become an overly large ________ with too much power.

• A)monopolist
• B)oliogopolist
• C)pure competitor
• D)predator
• E)icon

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Definitions:

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Wrongful Discharge

Termination of an employee in a manner that breaches one or more terms of the contract of employment or a statute provision in employment law.

Discovery

The process by which parties to a civil suit search for information relevant to the case.

FICA

The Federal Insurance Contributions Act, a U.S. law that mandates a payroll tax on both employees and employers to fund Social Security and Medicare.